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FTSE 100 Pares Early Gains
(RTTNews) - U.K. stocks were off their day's highs on Tuesday and bond yields started to rise again after the Bank of England disputed a report that it will further delay its quantitative tightening program.
The benchmark FTSE 100 was up 0.6 percent at 6,958 after closing 0.9 percent higher on Monday.
Shares of Lookers Plc surged 6.5 percent after the automotive retail and service group said it now expects underlying profit before tax for 2022 to be ahead of its previous expectations following strong trading in its third quarter.
Rio Tinto dropped 1 percent after the mining giant projected annual iron ore shipments at the lower end of its forecast.
Housebuilders declined, with Bellway falling 1.2 percent after it warned of a potentially shrinking market.
Canadian Dollar Eases Against Most Majors
Swiss Market Ends Sharply Lower
European Stocks Close Weak As Trade War Fears Hurt Sentiment
Canadian Market Remains Weak On Tariff Concerns
Bay Street Likely To Open Lower
Pound Falls As U.K. Economy Contracts For Second Straight Month
Wall Street Likely To Open On Weak Note
