FTSE 100 Rises Nearly 2%

RTTNews | 57 dias atrás
FTSE 100 Rises Nearly 2%

(RTTNews) - The U.K. market is up firmly in positive territory in late morning trades on Monday with investors picking up stocks, reacting to the temporary exemption announced by the U.S. on tech products, including smartphones, computers, and key electronics.

However, there is still some uncertainty about Trump's moves, as commerce secretary Howard Lutnick later clarified that these exemptions are not permanent. Trump later said on Truth Social that they are still subject to the existing 20% Fentanyl tariffs, but just moving to another bracket.

The announcement by the US Customs and Border Protection over the weekend that new exemptions from tariffs on various tech products, including smartphones, laptops, and other electronics means that selected electronic items will be excluded from the current 145% tariffs on China, as well as the 10% baseline tariffs.

The U.S. President has said that he would announce the tariff rate on imported semiconductors within the next week.

The benchmark FTSE 100, which advanced to 8,136.78 earlier in the morning, is up 148.32 points or 1.86% at 8,112.50 nearly half an hour before noon.

Convatec Group is rising nearly 6% and BP is up 5.2%. Barclays, EasyJet, JD Sports Fashion, Standard Chartered, Pershing Square Holdings, Melrose Industries, Prudential, Sainsbury (J), Polar Capital Technology Trust, Glencore and IAG are up 3 to 5%.

Diageo, WPP, BT Group, Natwest Group, Antofatasta, ICG, Associated British Foods, Hiscox, HSBC Holdings, Vodafone Group, Aviva, Airtel Africa, Smith & Nephew, Kingfisher, Centrica and Phoenix Group Holdings are rising 2 to 3%.

Wood Group shares soared up to 32% after Dubai-based Sidara made a conditional bid of 35p per share and proposed a £450 million cash injection. The stock pared most of its gains subsequently, but still remains nearly 11% up from previous closing price.

read more
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 35 minutos atrás
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 1 h 36 min atrás
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 2 h 1 min atrás
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 2 h 30 min atrás
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 3 h 1 min atrás
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | 3 h 26 min atrás
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | 3 h 31 min atrás
Higher Open Expected For Hong Kong Shares

Higher Open Expected For Hong Kong Shares

The Hong Kong stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,160-point plateau and it's likely to remain rangebound on Wednesday.
RTTNews | 3 h 46 min atrás