FTSE 100 Edges Lower As Earnings Disappoint

RTTNews | 553天前
FTSE 100 Edges Lower As Earnings Disappoint

(RTTNews) - U.K. stocks traded lower on Wednesday as HSBC Holdings reported a plunge in fourth-quarter profit after a charge on Chinese bank stake.

In economic releases, Britain registered budget surplus in January, which was the largest since records began in 1993, the Office for National Statistics reported.

Public sector net borrowing excluding public sector banks was in surplus by GBP 16.7 billion in January. This was a GBP 9.2 billion larger surplus than in the same period last year and the biggest on record.

The benchmark FTSE 100 was down 57 points, or 0.7 percent, at 7,662 after slipping 0.1 percent on Tuesday.

HSBC shares plummeted nearly 7 percent.

Mining giant Rio Tinto lost about 2 percent after reporting a dip in profits over the year, as expected.

Glencore slumped 5.8 percent after posting a steep drop in annual profit. Barclays rose about 2 percent on share buyback news.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 1小時16分鐘前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 1小時31分鐘前
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 2小時14分鐘前
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 2小時22分鐘前
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 2小時31分鐘前
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 2小時39分鐘前
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 3小時1分鐘前