FTSE Modestly Higher; Airline Stocks Drift Lower

RTTNews | 2時37分前

(RTTNews) - The U.K. stock market is modestly higher in early afternoon trades on Thursday as investors making purchases at select counters amid expectations the Federal Reserve will announce an interest rate cut in its upcoming monetary policy meeting.

Investors are also awaiting crucial U.S. private sector and non-farm payroll reports, due later today, and early tomorrow, respectively.

The benchmark FTSE 100, which advanced to 9,210.93 earlier in the session, was up 18.72 points or 0.2% at 9,196.71 a little while ago.

Next, up 2.5%, is the top gainer in the FTSE 100 index. WPP, Associated British Foods, Auto Trader Group and JD Sports Fashion are also up more than 2%.

Hiscox, Howden Joinery, Kingfisher, Convatec Group, Tesco, Beazley, Marks & Spencer, Aviva, Weir Group, RightMove, Sainsbury (J), Lloyds Banking Group, Informa and Severn Trent are gaining 1.3 to 2%.

Low-cost airline and travel firm Jet2 is down 13.5% after the company said it anticipates its EBIT to land towards the lower end of the consensus range. Easyjet is down more than 3%.

Admiral Group is down by about 2.5%, while Endeavour Mining, BAE Systems, Entain, Rolls-Royce Holdings, Antofagasta, Anglo American Plc and Fresnillo are down 1 to 2%.

Shares of animal genetics company Genus are soaring 12.5% after the company reported strong annual results with a 24% increase in adjusted profit before tax.

Online trading platform IG Group Holdings is up 1.5% after launching a new share buyback program.

On the economic front, survey data published by S&P Global showed that the UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works.

The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.

"Construction activity has decreased throughout the year-to-date, which is the longest continuous downturn since early-2020," S&P Global Market Intelligence Economics Director Tim Moore said.

"August data signaled only a partial easing in the speed of decline after output fell at the fastest pace for over five years in July," said Moore.

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 20分前

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 50分前

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 54分前

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.

RTTNews | 1時11分前

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

A report released by the Labor Department showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025.

RTTNews | 1時54分前

U.S. Trade Deficit Widens More Than Expected In July

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July.

RTTNews | 1時57分前

U.S. Weekly Jobless Claims Rise More Than Expected

RTTNews | 2時0分前

Bay Street May Open With Negative Bias On Weak Commodity Prices

The Canadian market is likely to open with a negative bias on Friday, tracking weak crude oil and bullion prices. The focus is on the ADP data from the U.S., due this morning, and the Canadian and U.S. jobs reports, due on Friday, for clues about the rate decisions by the central banks of the two nations.

RTTNews | 2時12分前

EURUSD	1.16337	GBPUSD	1.34201	AUDUSD	0.65024
USDJPY	148.668	USDCAD	1.38349	USDCHF	0.80657