Sentiment Strong At FTSE-100

RTTNews | Před 923 dny

(RTTNews) - FTSE 100 of the London Stock Exchange rallied more than a percent amidst hopes of a relaxation in China's zero covid strategy. Mining stocks led the gains amidst a surge in commodity prices. Markets also await the payrolls data from the U.S. to assess whether the job market situation would allow the Fed to continue the pace of rate hikes.

Meanwhile, data showed the S&P Global/CIPS UK Construction PMI rising to 53.2 in October, from 52.3 in the previous month. Markets were expecting a reading of 50.5.

FTSE 100 oscillated between 7,293.39 and 7,188.63, the previous day's closing level.

The benchmark index of the London Stock Exchange is currently trading at 7,283.22, up 1.32 percent on an overnight basis.

In the 100-scrip index, 82 are trading above the levels on Thursday.

Mining major Anglo American led the rally with an 8.3 percent surge. Other mining names like Antofagasta, Rio Tinto, Endeavour Mining and Glencore also figure in the top gainers list.

Insurance major Prudential rallied more than 7 percent.

BAE Systems, RS Group, Sainsbury (J) and Reckitt Benckiser Group declined more than 1 percent.

Lloyds Banking group is the most active scrip with a turnover of 36 million.

The GBP/USD pair gained 0.42 percent to trade at 1.1212 amidst the US Dollar Index dropping half a percent to 112.36.

Yields on U.K.'s ten-year bonds increased 1.71 percent to 3.57% from Thursday's close of 3.51%.

U.S. Homebuilder Confidence Unexpectedly Slumps In May

Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook, the National Association of Home Builders released a report on Thursday showing an unexpected slump by U.S. homebuilder confidence in the month of May.

RTTNews | Před 20 minutami

U.S. Industrial Production Unexpectedly Flat In April

With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April. The Fed said industrial production was unchanged in April after falling by 0.3 percent in March. Economists had expected industrial production to rise by 0.2 percent.

RTTNews | Před 41 minutami

New York Manufacturing Index Edges Modestly Lower In May

A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May. The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists had expected the index to dip to a negative 10.0.

RTTNews | Před 54 minutami

Philly Fed Index Jumps More Than Expected But Remains Negative In May

Philadelphia-area manufacturing activity remained weak in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity jumped to a negative 4.0 in May from a negative 26.4 in April, but a negative reading still indicates contraction.

RTTNews | Před 1 h 48 min

U.S. Retail Sales Inch Up In Line With Estimates In April

A report released by the Commerce Department on Thursday showed a slight increase by U.S. retail sales in the month of April. The Commerce Department said retail sales crept up by 0.1 percent in April after surging by an upwardly revised 1.7 percent in March. Economists had expected retail sales to inch up by 0.1 percent compared to the 1.4 percent jump originally reported for the previous month.

RTTNews | Před 2 h 3 min

U.S. Producer Prices Unexpectedly Decrease In April

Producer prices in the U.S. unexpectedly decreased in the month of April, according to a report released by the Labor Department on Thursday. The Labor Department said its producer price index for final demand fell by 0.5 percent in April following a revised unchanged reading in March. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | Před 2 h 5 min

Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves

Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.

RTTNews | Před 2 h 7 min

U.S. Weekly Jobless Claims Unchanged From Upwardly Revised Level

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in unchanged in the week ended May 10th The report said initial jobless claims came in at 229,000 last week, unchanged from the previous week's revised level. Economists had expected jobless claims to tick up to 229,000 from the 228,000 originally reported for the previous week.

RTTNews | Před 2 h 15 min

EURUSD	1.11812	GBPUSD	1.32898	AUDUSD	0.64007
USDJPY	145.68	USDCAD	1.39954	USDCHF	0.8363

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Sentiment Strong At FTSE-100