FTSE 100 Retreats On Growth Worries; Energy Stocks Worst Hit

RTTNews | 849 days ago
FTSE 100 Retreats On Growth Worries; Energy Stocks Worst Hit

(RTTNews) - U.K. stocks slipped into the red on Thursday as recession fears gripped financial markets and offset recent optimism surrounding China's reopening.

The benchmark FTSE 100 was down 45 points, or 0.6 percent, at 7,784 after declining 0.3 percent the previous day.

Oil & gas firm BP Plc fell 2.2 percent and Shell lost 1.8 percent as crude prices extended losses on the back of weak U.S. economic data and a surprise build in U.S. crude stocks.

Harbour Energy tumbled 3 percent as it launched a review of its U.K. operations and cut its 2023 spending plan.

Events-and academic publishing group Informa advanced 1.7 percent after saying that it expects to report higher revenue and adjusted operating profit for 2022.

Melrose Industries dropped 1 percent. The company said the aerospace business of the former GKN traded in line with expectations in 2022.

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U.S. Dollar Higher On Trade Hopes

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
RTTNews | 1 day ago
Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

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RTTNews | 1 day ago
European Stocks Close Week On Positive Note

European Stocks Close Week On Positive Note

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RTTNews | 1 day ago
Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian Market Recovers After Weak Start; TSX Up Marginally

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RTTNews | 1 day ago
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

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RTTNews | 1 day ago
U.S. Import, Export Prices Unexpectedly Inch Higher In April

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The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
RTTNews | 1 day ago
Eurozone Trade Surplus Surges On Exports To US

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The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews | 1 day ago