FTSE 100 Gains With Focus On Politics

RTTNews | 1063 dni temu
FTSE 100 Gains With Focus On Politics

(RTTNews) - U.K. stocks rebounded on Wednesday and the pound fell against the dollar as Prime Minister Boris Johnson faces the fight for his political life, following the resignations of two key ministers.

Cabinet chief of staff Steve Barclay has been appointed as the new health secretary while education secretary Nadhim Zahawi was named as the new finance minister.

The benchmark FTSE 100 jumped 92 points, or 1.3 percent, to 7,118 after plummeting 2.9 percent the previous day on recession worries.

Abrdn soared 7.4 percent after the investment company launched a GBP300-million share buyback program.

Online booking site Trainline jumped almost 20 percent after the company upped its sales outlook, citing a recovery in demand for travel across Europe amid an influx of U.S. tourists.

Investors shrugged off survey results from S&P Global showing that the U.K. construction sector activity growth weakened to a nine-month low in June.

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Antipodean Currencies Slide As China Manufacturing Activity Contracts

Antipodean Currencies Slide As China Manufacturing Activity Contracts

The antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies in the Asian session on Tuesday, after China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders.
RTTNews | 1g 50 minut temu
China Manufacturing Activity Contracts For First Time In 8 Months

China Manufacturing Activity Contracts For First Time In 8 Months

China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders, survey results from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index unexpectedly fell to 48.3 in May, down from 50.4 in April. The score was seen at 50.8.
RTTNews | 2g 25 minut temu
European Economic News Preview: Eurozone Inflation Data Due

European Economic News Preview: Eurozone Inflation Data Due

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RTTNews | 2g 40 minut temu
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks may open slightly higher on Tuesday after reports emerged that U.S. President Donald Trump will speak with his Chinese counterpart Xi Jinping -- possibly this week --to address tariff disputes and improve relations.
RTTNews | 2g 52 minut temu
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RTTNews | 3g 27 minut temu
Sensex, Nifty Subdued In Early Trade

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Indian shares were subdued on Tuesday, extending losses for a third straight session amid rising geopolitical and trade tensions.
RTTNews | 4g 13 minut temu
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,450 level, with gains across most se led by gold miners, technology and financial stocks.
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Asian Markets Track Wall Street Higher

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Asian stock markets are mostly higher on Tuesday, following the positive cues from Wall Street overnight, as traders reacted to news that the US and China could revive trade talks as soon as this week after US President Donald Trump accused China of violating the trade agreement reached last month. The sharp increase in price of commodities such as gold and crude oil also aided the markets.
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