FTSE 100 Subdued In Cautious Trade

RTTNews | 902 days ago
Stocktwits
FTSE 100 Subdued In Cautious Trade

(RTTNews) - U.K. stocks were slightly lower on Tuesday as weak China data raised concerns about the global economic outlook.

Investors were also reacting to official data showing that the U.K. unemployment rate stabilized at 3.7 percent in three months to November, as expected.

The benchmark FTSE 100 slid 10 points, or 0.1 percent, to 7,850 after closing up 0.2 percent on Monday.

Ocado Retail, a joint venture between Ocado Group and Marks & Spencer Group, slumped nearly 6 percent after saying it expects 'mid-single digits' sales growth for 2023.

Online retail platform THG lot about 3 percent after revenue growth missed its target China-exposed financials HSBC and Prudential were moving lower as China reported its second-lowest annual economic growth in almost 50 years.

Recruitment agency Hays rallied 2.4 percent after posting a rise in its second-quarter net fees.

Stocktwits
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Tesla Inc. shares were losing around 8% in the morning trading on the Nasdaq on Monday after CEO Elon Musk announced his plans to launch a new U.S. political party following his ongoing feud with President Donald Trump over the 'One Big, Beautiful Bill.' Tesla founder and the former head of the Department of Government Efficiency or DOGE, launched the 'America Party' on Saturday in the latest...
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RTTNews | 3h 16min ago
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CAC 40 Gains Amidst Trade Jitters

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RTTNews | 3h 46min ago
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

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RTTNews | 4h 29min ago
Cautious Optimism Lifts DAX

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The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading in the green zone on Monday amidst a mood of cautious optimism.
RTTNews | 5h 32min ago
Nissan Stock Slips On Reports Of Talks With Foxconn To Collaborate On EV Production In Japan

Nissan Stock Slips On Reports Of Talks With Foxconn To Collaborate On EV Production In Japan

Japanese automaker Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) is in talks with Taiwan's electronics major Foxconn to partner on the production of electric vehicles or EVs in Japan, Nikkei reported. The potential joint venture collaboration is expected to save Nissan's Oppama plant from the risk of closure. Following the news, Nissan Motor shares closed Monday's trading in Tokyo down 5%.
RTTNews | 5h 36min ago
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