FTSE 100 Rises Led By Banks

RTTNews | 1140 days ago
Stocktwits
FTSE 100 Rises Led By Banks

(RTTNews) - U.K. stocks advanced on Monday after falling sharply last week on worries about a recession and bets of bigger interest-rate hikes from major central banks.

Meanwhile, last-minute talks between unions and train companies are set to continue today ahead of planned walkouts on most major lines.

The benchmark FTSE 100 climbed 0.6 percent to 7,056 after declining 0.4 percent on Friday.

Banks topped the gainers list, with Barclays and Lloyds Bank rising 0.9 percent and 1.5 percent, respectively. HSBC Holdings shares were up more than 3 percent.

EasyJet shares tumbled 3.5 percent after the airline announced plans to cut more flights over the busy summer period in response to staff shortages and flight caps at London Gatwick and Amsterdam.

Associated British Foods edged up slightly after reporting an increase in fiscal third-quarter revenue.

SThree, a pure-play specialist staffing business, jumped 5.5 percent after it forecast annual profit above market expectations.

Stocktwits
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Indonesia Bourse May Turn Lower Again On Monday

Indonesia Bourse May Turn Lower Again On Monday

The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
RTTNews | 18 minutes ago
Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.
RTTNews | 19 minutes ago
No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has tracked lower in four straight sessions, dropping more than 1,050 points or 4 percent along the way. The Hang Seng Index now rests just above the 24,500-point plateau and it's expected to open in the red again on Monday.
RTTNews | 33 minutes ago
Lower Open Predicted For China Stock Market

Lower Open Predicted For China Stock Market

The China stock market has finished lower in consecutive trading days, sinking more than 55 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,560-point plateau and the losses may accelerate on Monday.
RTTNews | 48 minutes ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is slightly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just above the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 48 minutes ago
Taiwan Stock Market Tipped To Open Under Pressure On Monday

Taiwan Stock Market Tipped To Open Under Pressure On Monday

The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 340 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 23,430-point plateau and it's expected to see continued consolidation on Monday.
RTTNews | 1h 18min ago
Singapore Shares May Take Further Damage On Monday

Singapore Shares May Take Further Damage On Monday

The Singapore stock market had finished lower in six straight sessions, surrendering almost 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,150-point plateau and it's expected to open under pressure again on Monday.
RTTNews | 1h 48min ago
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