FTSE 100 Gains On China COVID Optimism

RTTNews | 957 days ago
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.

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Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 2 days ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

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RTTNews | 2 days ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 2 days ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 2 days ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 2 days ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2 days ago