FTSE 100 Gains Led By Resource Stocks

RTTNews | 239 days ago
FTSE 100 Gains Led By Resource Stocks

(RTTNews) - U.K. stocks traded higher on Monday ahead of a busy week, with investors awaiting cues from a U.S. presidential election and interest rate decisions from the Federal Reserve and Bank of England.

The Bank of England meets on Thursday, and a 25-bps rate cut is widely expected. The benchmark FTSE 100 was up 42 points, or half a percent, at 8,219 after closing 0.8 percent higher on Friday.

Resources-linked shares were moving higher on the back of higher commodity prices. Miners Anglo American, Antofagasta and Glencore were up between 0.6 percent and 1.2 percent.

Energy giant BP Plc added 1.3 percent and peer Shell gained 1.2 percent as oil prices rose more than $1 on a decision by OPEC+ to delay by a month plans to increase output.

Burberry jumped nearly 5 percent following reports that Italy's Moncler could be considering making a bid for the luxury firm.

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China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

China's manufacturing sector returned to growth in June on higher new orders and a renewed rise in production, survey data from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index rose to 50.4 in June from 48.3 in May. A reading above 50.0 indicates expansion. The survey showed that the growth was driven by a renewed expansion in manufacturing output.
RTTNews | 47 minutes ago
Sensex, Nifty Up Marginally In Cautious Trade

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Despite paring some early gains, Indian shares are up in positive territory a little past noon on Tuesday with investors making cautious moves, closely monitoring the developments on the tariff front ahead of the July 9 deadline announced by the Trump administration, and awaiting quarterly earnings updates from big name companies.
RTTNews | 2h 39min ago
UK House Price Inflation Softens In June

UK House Price Inflation Softens In June

UK house prices logged a slower growth in June reflecting weaker demand after the increase in stamp duty at the start of April, data from the Nationwide Building Society showed on Tuesday. House prices advanced 2.1 percent year-on-year in June, slower than the 3.5 percent increase seen in May. House price growth was expected to moderate to 3.3 percent.
RTTNews | 2h 58min ago
European Economic News Preview: Eurozone Flash Inflation, Final PMI Due

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RTTNews | 4h 9min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains across most sectors led by gold miners and technology stocks. Iron ore miners were the only weak spot.
RTTNews | 6h 36min ago