FTSE 100 Slips After Positive Start, Down Nearly 0.6%

RTTNews | 122 days ago
Stocktwits
FTSE 100 Slips After Positive Start, Down Nearly 0.6%

(RTTNews) - After a positive start, U.K. stocks retreated Monday morning, with shares from banking sector recording notable losses.

Concerns about the outlook for global economic growth and uncertainty about U.S. trade policy are hurting sentiment.

The benchmark FTSE 100, which advanced to 8,710.35 in early trades, was down 50.61 points or 0.58% at 8,629.27 a little while ago.

Entain, the biggest loser in the FTSE 100 index, is down 4.2%. Antofagasta is declining 3.2%, while AstraZeneca, Melrose Industries, Intermediate Capital Group, Weir Group Holdings, Ashtead Group, Anglo American Plc and Barclays are down 2 to 3%.

Natwest Group, Rolls-Royce Holdings, Fresnillo, Lloyds Banking Group, Reckitt Benckiser, Smiths Group, IMI, St. James's Place, Standard Chartered and HSBC Holdings are declining 1 to 2%.

Severn Trent, Land Securities, LondonMetric Property and Kingfisher are up 2.1 to 2.5%.

Segro, United Utilities, National Gri, Endeavour Mining, Sainsbury (J), Whitbread, Compass Group, Unilever and BP are gaining 1 to 2%.

Stocktwits
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Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 50 minutes ago
European Shares Extend Gains On Trade Deal Optimism

European Shares Extend Gains On Trade Deal Optimism

European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union. EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.
RTTNews | 1h 23min ago
Bank Of Korea Keeps Rates Steady

Bank Of Korea Keeps Rates Steady

The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
RTTNews | 3h 56min ago
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