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FTSE 100 Declines As China Ramps Up Lockdowns
(RTTNews) - U.K. stocks fell on Friday as lower commodity prices weighed on the mining sector.
The benchmark FTSE 100 was down 50 points, or 0.7 percent, at 7,024 after gaining 0.3 percent in the previous session.
Anglo American, Antofagasta and Glencore fell 2-3 percent as commodity prices dropped on worries about China's expanding COVID-19 restrictions.
Oil & gas company BP Plc declined 1.2 percent and Shell was little changed as oil prices remained on track for a 3 percent weekly gain on supply concerns.
NatWest plunged 8 percent as the high street lender missed estimates for profit in the third quarter amid increased impairment provisions.
British Airways owner IAG lost about 3 percent despite revenue exceeding pre-pandemic levels.
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Antipodean Currencies Rise Amid Risk-on Mood
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday amid increased risk-on mood by the investors, on reports that Israel and Iran have agreed to a "complete and total ceasefire" to be phased in over 24 hours. U.S. Fed Vice Chair Michelle Bowman said she favored a rate cut "as soon" as July if inflationary pressures remain contained.
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36 minut temu
South Korea Consumer Sentiment Strengthens In June
South Korea's consumer confidence strengthened to a four-year high in June on improving domestic economic conditions, survey data from the Bank of Korea showed on Tuesday. The consumer sentiment index advanced to 108.7 in June from 101.8 in the previous month. This was the highest score in four years. The sub-index measuring future domestic economic situation surged 16 points to 107 in June.
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43 minut temu
NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Tuesday.
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47 minut temu
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.
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51 minut temu
European Economic News Preview: German Ifo Business Confidence Due
Business sentiment data from Germany is due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, the Czech Statistical Office is scheduled to publish business and consumer sentiment survey results. At 4.00 am ET, the ifo Institute is set to release Germany's business sentiment survey data. Economists forecast the business climate index to rise to 88.2 in June.
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1g 39 minut temu
European Shares Seen Higher As Tensions Ease Over Strait Of Hormuz
European stocks may open on a buoyant note Tuesday as a sharp decrease in oil prices following a ceasefire declaration between Iran and Israel by former U.S. President Donald helped ease concerns surrounding the outlook for inflation and interest rates.
After launching multiple missiles at Israel, Iran hinted that the truce deal had come into effect. So far, there has been no official statement from Israel on the ceasefire agreement.
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2g 1 minut temu
Sensex, Nifty Rally As Geopolitical Tensions Ease
Indian shares opened on a buoyant note Tuesday after U.S. President Donald Trump said a "complete and total ceasefire" between Iran and Israel will take effect in the coming hours, sending oil prices plunging below the levels of June 12, which was the day Israel attacked Iran.
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3g 9 minut temu
Australian Market Maintains Early Gains In Mid-market
The Australian stock market is maintaining its early gains in mid-market trading on Tuesday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks amid tumbling crude oil prices.
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4g 22 minut temu
