FTSE 100 Extends Gains Ahead Of Key Speech By Powell

RTTNews | 1047 days ago
FTSE 100 Extends Gains Ahead Of Key Speech By Powell

(RTTNews) - U.K. stocks opened slightly higher on Friday to extend gains from the previous session, with commodity-related shares and banks pacing the gainers ahead of Fed Chair Powell's speech at the Jackson Hole Symposium later in the day.

The benchmark FTSE 100 was up 12 points, or 0.2 percent, at 7,492 after closing 0.1 percent higher on Thursday.

Energy and services firm Centrica climbed 1.2 percent after Britain's energy regulator Ofgem raised its cap on domestic energy bills to a record 3,549 pounds ($4,189) from Oct. 1.

Anglo American added 1.3 percent after major copper producing country Peru abandoned a plan to hike taxes on the mining industry amid falling metal prices, high inflation and slowing growth.

Micro Focus International shares jumped 92 percent to hit more than one-year highs after Canada's OpenText struck a deal to buy the U.K. software firm in an all-cash deal of $6 billion including debt.

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European Economic News Preview: Germany Foreign Trade Data Due

European Economic News Preview: Germany Foreign Trade Data Due

Foreign trade data from Germany and France are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's foreign trade data for May. Exports are forecast to remain flat in May after falling 1.7 percent in April. The trade surplus is seen at EUR 18.1 billion compared to April's EUR 14.6 billion surplus.
RTTNews | 19 minutes ago
Mild Selling Pressure Tipped For Thai Stock Market

Mild Selling Pressure Tipped For Thai Stock Market

The Thai stock market ticked higher again on Monday, one session after ending the four-day winning streak in which it had surged almost 50 points or 4.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,125-point plateau and it's likely to remain rangebound again on Tuesday.
RTTNews | 3h 42min ago
Indonesia Bourse May Hand Back Monday's Gains

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday ended the four-day losing streak in which it had slumped more than 60 points or 0.9 percent. The Jakarta Composite Index now sits just above the 6,900-point plateau although it's likely to turn lower again on Tuesday.
RTTNews | 4h 12min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, reversing the losses in the previous session, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 moving well above the 39,700 level, with gains in automakers and technology stocks.
RTTNews | 4h 14min ago
Hong Kong Bourse May Extend Losing Streak

Hong Kong Bourse May Extend Losing Streak

The Hong Kong stock market has finished lower in three straight sessions, sinking more than 330 points or 1.4 percent along the way. The Hang Seng Index now sits just shy of the 23,890-point plateau and it's tipped to open to the downside again on Tuesday.
RTTNews | 4h 27min ago
China Bourse May Spin Its Wheels On Tuesday

China Bourse May Spin Its Wheels On Tuesday

The China stock market has moved higher in three straight sessions, collecting almost 20 points or 0.6 percent along the way. The Shanghai Composite Index now sits just above the 3,470-point plateau although the rally may stall on Tuesday.
RTTNews | 4h 42min ago