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FTSE 100 Rises On Buzz Rates May Have Peaked
(RTTNews) - U.K. stocks traded higher on Thursday to hover near one-week high as bond yields pulled back on expectations that interest rates may have peaked.
The Bank of England is now predicted to make only one more increase to Bank Rate on Sept 21 despite inflation staying high.
The benchmark FTSE 100 was up 30 points, or 0.4 percent, at 7,350 after rising 0.7 percent on Wednesday.
AstraZeneca edged up slightly after its prostate-cancer treatment Lynparza received approval in Japan.
Recruiter Hays was marginally higher after naming a new CEO.
Power generation company Drax Group fell over 1 percent after naming a chair designate.
Harbour Energy declined 1.4 percent after narrowing its full-year production guidance to the lower end of the range.
Hunting plunged 7.6 percent. The oil services firm said it was further restructuring its operating footprint and disposing non-core exploration and production assets in a bid to cut costs.
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Rally May Stall For South Korea Stock Market
The South Korea stock market has finished higher in four straight sessions, collecting more than 160 points or 5.8 percent along the way. The KOSPI now rests just above the 2,855-point plateau although investors may lock in gains on Tuesday.
The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
The KOSPI finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers.
For the day, the index jumped 43.72 points or 1.55 percent to finish at 2,855.77 after trading between 2,841.39 and 2,867.27. Volume was 528.24 million shares worth 13.61 trillion won. There were 700 gainers and 200 decliners.
Among the actives, Shinhan Financial collected 2.03 percent, while KB Financial rallied 4.14 percent, Hana Financial soared 5.58 percent, Samsung Electronics climbed 1.18 percent, Samsung SDI stumbled 2.01 percent, LG Electronics added 0.69 percent, SK Hynix jumped 2.00 percent, Naver improved 3.82 percent, Lotte Chemical advanced 0.82 percent, SK Innovation strengthened 1.30 percent, POSCO Holdings rose 0.39 percent, SK Telecom increased 0.95 percent, KEPCO surged 4.09 percent, Hyundai Mobis skyrocketed 10.04 percent, Hyundai Motor accelerated 4.32 percent, Kia Motors spiked 2.36 percent and LG Chem was unchanged.
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19 minutos atrás
Australia Business Confidence Data Due On Tuesday
Australia will on Tuesday see May results for the indexes of business confidence and business conditions, highlighting a light day for Asia-Pacific economic activity. In April, their scores were -1 and +2, respectively.
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1 h 19 min atrás
Canadian Dollar Higher As US-China Trade Talks Lift Sentiment
The Canadian dollar was higher against its most major counterparts in the New York session on Monday, as investors awaited outcome of trade talks between the US and China that kicked off in London.
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2 h 24 min atrás
Canadian Market Up Marginally In Cautious Trade
After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves.
The mood is cautious as investors await U.S. - China trade talks in London.
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4 h 54 min atrás
European Stocks Close Weak After Cautious Session
European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.
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5 h 22 min atrás
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled
The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
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9 h 9 min atrás
Bay Street May Open Slightly Higher
Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices..
The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
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11 h 1 min atrás
FTSE 100 Down Marginally At Noon
The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
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12 h 12 min atrás
