FTSE 100 Modestly Lower In Cautious Trade

RTTNews | 174 dias atrás

(RTTNews) - The UK market is off early lows in late morning trade on Tuesday with investors largely making stock specific moves, reacting to quarterly earnings updates. Worries about trade war following new U.S. tariffs against China, Canada and Mexico taking effect today.

The benchmark FTSE 100, which dropped to 8,805.31 in early trades, was down 38.33 points or 0.43% at 8,832.98 a little while ago.

Smurfit Westrock, Ashtead Group and IAG are down 5.1%, 5% and 4.8%, respectively. BP is down 4.2% and WPP is lower by about 4%.

Barclays Group, Pershing Square Holdings, Scottish Mortgage, Intermediate Capital, Glencore, Easyjet, Natwest Group, Shell, IMI, 3i Group, Vistry Group, Convatec and B&M European Value Retail are declining 2 to 3.7%.

Insurance company Beazley Plc is down marginally despite reporting higher earnings. For the full year, the company posted pre-tax profit of $1.42 billion in fiscal 2024, up from $1.25 billion a year ago.

Direct Line Insurance Group shares are down marginally. The company reported fiscal 2024 profit before tax of 218.4 million pounds compared to 277.4 million pounds, last year. Earnings per share was 11.1 pence compared to 15.7 pence.

Intertek Group is rising nearly 8% after the company reported a jump in pre-tax profit for fiscal 2024. In the fiscal year ending December 31, pre-tax income was GBP 490 million, up from GBP 422.3 million last year, the company said. Net Income also came higher at GBP 367.2 million compared with GBP 318.1 million prior year, and earnings per share were 212.7 pence versus 183.4 pence in the previous year.

Fresnillo is gaining 3.5%, Severn Trent is up 3%, Rolls-Royce Holdings is advancing 2.5%, Tesco is up 2.3%, Marks & Spencer is climbing up 3.1%, British Amercian Tobacco is up 2% and Pearson is rising 2.1%.

BAE Systems, AstraZeneca, United Utilities, Coca-Cola HBC, GSK, National Grid, Unilever, Haleon and Reckitt Benckiser are also up sharply.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 16 minutos atrás

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 46 minutos atrás

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1 h 2 min atrás

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1 h 17 min atrás