FTSE 100 Slips On China COVID Concerns

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FTSE 100 Slips On China COVID Concerns

(RTTNews) - U.K. stocks edged lower on Tuesday amid lingering worries about the COVID-19 situation in China.

Due to the size of the Chinese economy, analysts say that the recent surge in virus cases in the country after a sudden policy shift will have an adverse impact on the global economy in the short term.

The benchmark FTSE 100 dipped 12 points, or 0.2 percent, to 7,347 after rising 0.4 percent the previous day.

Miners traded mixed, with Antofagasta and Glencore rising around half a percent after China's central bank kept benchmark lending interest rates unchanged for the fourth consecutive month.

Bunzl slipped half a percent after the company sold its U.K. healthcare division and bought four new businesses in a series of deals.

Oilfield services provider Petrofac lost 10 percent after flagging an annual operating loss.

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Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | il y a 1h 13min
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | il y a 1h 29min
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | il y a 2h 1min
Thai Bourse May Reclaim 1,200-Point Plateau

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.
RTTNews | il y a 2h 42min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.
RTTNews | il y a 3h 6min
Win Streak May Continue For Indonesia Stock Market

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has finished higher in four straight sessions, improving more than 275 points or 4 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it's expected to extend its gains again on Monday.
RTTNews | il y a 3h 12min
Hong Kong Bourse May Find Traction On Monday

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping almost 300 points or 1.3 percent along the way. The Hang Seng Index now sits just beneath the 23,350-point plateau although it's due for support on Monday.
RTTNews | il y a 3h 27min