FTSE 100 Dips From Record High On US Rate Jitters

RTTNews | 1003 дней спустя
FTSE 100 Dips From Record High On US Rate Jitters

(RTTNews) - U.K. stocks were moving lower on Monday as strong U.S. jobs data raised worries that the Federal Reserve could keep hiking rates for longer to control inflation.

The benchmark FTSE 100 fell 70 points, or 0.9 percent, to 7,831 after rallying 1 percent on Friday to reach a record high.

Diageo was down half a percent after the spirits maker launched a partial tender offer to increase its stake in East African Breweries Plc to up to 65 percent from 50 percent currently.

Croda International was marginally lower. The specialty chemicals firm has agreed to acquire Solus Biotech, a South Korean provider of biotechnology-derived beauty actives, from Solus Advanced Materials, for KRW350 billion or around 232 million pounds, on a debt-free, cash-free basis.

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Steady Start Seen For KOSPI

Steady Start Seen For KOSPI

The South Korea stock market has finished lower in back-to-back sessions, tumbling almost 220 points or 5 percent in that span. The KOSPI sits just above the 4,000-point plateau although it's expected to halt its slide on Thursday.
RTTNews | 1ч 3мин назад
Australia Trade Data Due On Thursday

Australia Trade Data Due On Thursday

Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In August, imports rose 3.2 percent on month and exports fell 7.8 percent for a trade surplus of A$1.825 billion.
RTTNews | 1ч 33мин назад
European Stocks Shrug Off Early Weakness, Close Higher

European Stocks Shrug Off Early Weakness, Close Higher

European stocks recovered after a weak start and settled on a positive note on Wednesday, as investors tracked steady U.S. markets and indulged in some bargain hunting at several counters.
RTTNews | 5ч 46мин назад
TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.
RTTNews | 6ч 39мин назад
U.S. Service Sector Activity Returns To Expansion In October

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
RTTNews | 8ч 43мин назад
U.S. Private Sector Employment Rebounds More Than Expected In October

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.
RTTNews | 9ч 25мин назад