FTSE 100 Slips On Weak Earnings

RTTNews | 574 dias atrás
FTSE 100 Slips On Weak Earnings

(RTTNews) - U.K. stocks declined on Thursday as investors reacted to rising bond yields and disappointing corporate earnings.

The U.K.'s FTSE 100 was down 51 points, or 0.7 percent, at 7,363 after rising 0.3 percent in the previous session.

Energy stocks such as BP Plc and Shell were moving lower as crude prices declined amid diplomatic efforts to prevent the Israel-Gaza conflict from spreading.

Lender Standard Chartered plunged 11 percent after reporting a sharp drop in quarterly profit, partly due to $900mn of China-linked charges.

Precision instruments manufacturer Renishaw fell about 1 percent after a profit warning.

Consumer goods giant Unilever tumbled 3 percent after its new CEO laid out plans to simplify business.

Advertising giant WPP lost over 3 percent after cutting its outlook for the second time in as many quarters.

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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

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A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th. The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.
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Euro Weakens After German Composite PMI Falls

The euro weakened against other major currencies in the European session on Thursday, following the release of Germany's composite output index for May.
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Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

It's likely to be a weak start for stocks on Bay Street Thursday morning as investors may tread cautiously amid concerns about U.S. fiscal deficit, and continued uncertainty surrounding Trump administration's tariff moves. Weak crude oil and metal prices are likely to hurt as well.
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FTSE 100 Notably Lower; Johnson Matthey Soars 32%

U.K. stocks are down in negative territory on Thursday afternoon, in line with other major markets in Europe, as worries about U.S. fiscal deficit and rising bond yields weigh on equities. Investors, digesting the nation's economic data, are also awaiting more clarity on U.S. President Donald Trump's tariff plans.
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Eurozone Private Sector Shrinks For First Time In 5 Months

Eurozone Private Sector Shrinks For First Time In 5 Months

The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday. The flash composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.
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Euro Falls Against Majors

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The euro weakened against other major currencies in the Asian session on Thursday.
RTTNews | 2 h 57 min atrás
CAC 40 Down Nearly 1% On Growth Concerns

CAC 40 Down Nearly 1% On Growth Concerns

French stocks are drifting lower on Thursday amid rising concerns over a deteriorating U.S. fiscal outlook, a lack of clarity on tariff negotiations. Data showing a notable drop in France's manufacturing sentiment index is also weighing on stocks.
RTTNews | 3 h 17 min atrás