FTSE 100 Gains On China COVID Optimism
(RTTNews) - U.K. shares rose notably on Tuesday amid hopes that anti-lockdown protests may pressure the Chinese government into eventually relaxing its zero-COVID policy.
The benchmark FTSE 100 climbed 46 points, or 0.6 percent, to 7,520 after closing 0.2 percent lower on Monday.
Equipment rental specialist Vp Plc rallied 3 percent after posting solid first-half results.
Private equity firm Bridgepoint Group was little changed, recovering from an early tumble, after confirming that it is evaluating a number of potential strategic opportunities, including the possible acquisition of energy transition investor Energy Capital Partners.
EasyJet lost nearly 4 percent after the airline posted a full-year loss and scrapped its 2022 dividend.
Telecom major Vodafone fell about 1 percent after launching a buyback offer for up to $2.3 billion of its 4.375% notes due in May 2028.
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
Chicago Business Barometer Slumps Much More Than Expected In August
U.S. Consumer Prices Increase In Line With Estimates In July
German Unemployment Exceeds 3 Mln
U.S. PCE Price Index Increased In Line With Estimates In July
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
