FTSE 100 Slips After Positive Start, Down Nearly 0.6%

RTTNews | 122 days ago
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%.

read more
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 | 1h 11min ago
European Shares Set To Open Higher Despite Rising Trade Tensions

European Shares Set To Open Higher Despite Rising Trade Tensions

European stocks may open mostly higher on Thursday despite U.S. President Donald Trump escalating his tariff campaign, sending letters to six additional countries—Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines—with fresh import duties ranging from 20-30 percent.
RTTNews | 2h 7min ago
European Economic News Preview: Germany Final Inflation Data Due

European Economic News Preview: Germany Final Inflation Data Due

Final inflation from Germany and industrial output from Italy are the top economic news due on Thursday. At 2.00 am ET, Destatis is scheduled to release Germany's final inflation data for June. Flash inflation showed that consumer price inflation eased to 2.0 percent from 2.1 percent in May.
RTTNews | 2h 28min ago
Sensex, Nifty Subdued On Trade Jitters

Sensex, Nifty Subdued On Trade Jitters

Indian shares were subdued on Thursday as U.S. President Donald Trump escalated his tariff campaign, sending letters targeting six additional countries—Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines—with fresh import duties ranging from 20-30 percent.
RTTNews | 3h 19min ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 4h 17min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders are optimistic about an end to the tariff uncertainty after US 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.
RTTNews | 4h 22min ago
Sensex, Nifty Set For Muted Open

Sensex, Nifty Set For Muted Open

Indian shares look set to open on a flat note Thursday as investors watch the latest developments on the trade front, react to the latest FOMC meeting minutes and look for direction from Q1 business updates from prominent companies.
RTTNews | 5h 8min ago
Indonesia Stock Market May Extend Winning Streak

Indonesia Stock Market May Extend Winning Streak

The Indonesia stock market has moved higher in three straight sessions, gathering almost 80 points or 1.2 percent along the way. The Jakarta Composite Index now sits just above the 6,940-point plateau and it may add to its winnings again on Thursday.
RTTNews | 6h 9min ago