FTSE 100 Modestly Higher In Cautious Trade After PMI Data

RTTNews | 55 dni temu

(RTTNews) - UK stocks are up in positive territory on Monday, in line with other markets in Europe, amid slightly easing worries about fresh U.S. tariffs. Investors are also digesting regional manufacturing and services sector activity data, in addition to tracking corporate news.

Investors await greater clarity on U.S. tariffs after U.S. President Donald Trump said there will be "flexibility" on his reciprocal tariff plan and that he would discuss tariffs with Chinese President Xi Jinping.

The benchmark FTSE 100 is up 22.02 points or 0.25% at 8,668.81 about half an hour before noon.

Mining stocks are notably higher, thanks to firm metal prices. Anglo American Plc, Glencore and Antofagasta are up 3.7%, 2.7% and 2.5%, respectively. Rio Tinto is up 2.3% and Fresnillo is advancing 1.8%.

Bank stocks Standard Chartered, Barclays Group, Natwest Group and Lloyds Banking Group are up 1.5 to 2.3%. HSBC Holdings is gaining about 1.1%.

Among other gainers, Pershing Square Holdings, Prudential, Pearson, Polar Capital Technology, Airtel Africa, Scottish Mortgage, Howden Joinery, F&C Investment Trust, Hiscox, Auto Trader Group, Experian, Weir Group and Intertek Group are up 1 to 2.5%.

JD Sports Fashion is down nearly 5%. Vodafone Group is lower by about 3.2%, while British Land, Haleon, BP and Hikma Pharmaceuticals are down 1 to 1.7%.

Flash survey results published by S&P Global showed UK's private sector registered modest growth in the month of March, while the manufacturing sector activity dropped to the lowest level since late 2023.

The S&P Global UK Composite PMI rose to 52.0 in March 2025 from 50.5 in February, surpassing market expectations of 50.3. The index reached its highest level since September, driven by the strongest expansion in the service sector since August.

The S&P Global UK Services PMI rose to 53.2 in March 2025, from February's 51 and surpassing market forecasts of 50.9, according to flash estimates, while the S&P Global Flash UK Manufacturing PMI fell to 44.6 in March 2025 from 46.9 in February, below forecasts of 46.4. The reading pointed to the sixth straight month of worsening conditions in the manufacturing sector.

Sensex, Nifty Marginally Lower As IT Stocks Drag

Indian shares were flat to slightly lower on Monday, with IT stocks leading losses after a U.S. credit rating downgrade.

RTTNews | 44 minut temu

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.

RTTNews | 1g 43 minut temu

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.

RTTNews | 1g 59 minut temu

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.

RTTNews | 2g 31 minut temu

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 3g 12 minut temu

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.

RTTNews | 3g 36 minut temu

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has finished higher in four straight sessions, improving more than 275 points or 4 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it's expected to extend its gains again on Monday.

RTTNews | 3g 42 minut temu

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping almost 300 points or 1.3 percent along the way. The Hang Seng Index now sits just beneath the 23,350-point plateau although it's due for support on Monday.

RTTNews | 3g 57 minut temu

EURUSD	1.11863	GBPUSD	1.33026	AUDUSD	0.64082
USDJPY	145.215	USDCAD	1.39683	USDCHF	0.83608

Advertisement

FTSE 100 Modestly Higher In Cautious Trade After PMI Data