FTSE 100 Slips Into Red After Recent Rally

RTTNews | vor 649 Tagen
FTSE 100 Slips Into Red After Recent Rally

(RTTNews) - U.K. stocks traded slightly lower on Thursday after three days of gains.

The benchmark FTSE 100 was down 19 points, or 0.3 percent, at 7,467 after gaining 0.6 percent on Wednesday.

Oil & gas stocks fell, with BP Plc and Shell falling 1-2 percent as Brent crude futures fell below $81 a barrel on signs of higher U.S. supply.

Luxury fashion brand Burberry plummeted 8.2 percent after a warning that it might not meet its full-year revenue growth target for fiscal 2024.

Halma, a life-saving technology company, jumped more than 5 percent after posting record first-half results.

Insurer Aviva rose more than 1 percent after confirming full-year targets.

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U.S. Consumer Confidence Index Edges Lower In August

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A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
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U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

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Bay Street May Open On Weak Note

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Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.
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Sensex, Nifty Tumble On Tariff Worries

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