FTSE 100 Edges Lower On Uncertainty Over China's COVID Situation

RTTNews | 1027 дней спустя
FTSE 100 Edges Lower On Uncertainty Over China's COVID Situation

(RTTNews) - U.K. stocks drifted lower on Thursday as commodity-related stocks declined on uncertainty about the COVID situation in China and mounting worries about a recession in the U.S.

Amid a rise in the number of new COVID-19 cases, Chinese hospitals and funeral homes are currently under intense pressure.

The benchmark FTSE 100 was down 30 points, or 0.4 percent, at 7,466 after rising 0.3 percent on Wednesday.

Miners Anglo American, Antofagasta and Glencore fell between half a percent and 1 percent, tracking weakness in commodity prices.

Oil & gas firm BP Plc fell over 1 percent and Shell gave up 0.8 percent.

Iron ore pellets manufacturer Ferrexpo declined 1.2 percent. The company said that the detention of its non-executive director Kostyantin Zhevago by the French authorities was unrelated to matters at the company.

read more
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

Despite staging a recovery in the final hour of the day's trading session, the Switzerland market ended marginally down on Tuesday.
RTTNews | 2ч 10мин назад
European Stocks Close Mostly Higher

European Stocks Close Mostly Higher

European markets closed mostly higher on Tuesday, supported by gains in defense sector amid renewed concerns about tensions in the Middle East, and a lack of progress in Russia-Ukraine peace efforts. Slightly easing U.S.-China trade tensions, and expectations of a resolution to the government shutdown in the U.S. aided sentiment.
RTTNews | 2ч 33мин назад
Bay Street May Open On Subdued Note; CPI Data In Focus

Bay Street May Open On Subdued Note; CPI Data In Focus

Slightly lower Canadian and U.S. futures, and weak bullion prices point to a negative start for the Canadian market on Tuesday. Investors will also be reacting to Canadian consumer price inflation data.
RTTNews | 8ч 24мин назад
FTSE 100 Climbs Higher; Segro, HSBC Holdings Post Strong Gains

FTSE 100 Climbs Higher; Segro, HSBC Holdings Post Strong Gains

The FTSE 100 index of the U.K. market is modestly higher on Tuesday with investors picking up stocks ahead of quarterly earnings announcements from big name companies, due from this week. Slightly easing U.S.-China trade tensions appear to be aiding sentiment a bit.
RTTNews | 8ч 51мин назад
CAC 40 Advances; Edenred Soars On Strong Earnings

CAC 40 Advances; Edenred Soars On Strong Earnings

French stocks are modestly higher on Tuesday amid slightly easing U.S.-China trade tensions, and expectations of a resolution to the government shutdown in the U.S. Investors are reacting to some corporate earnings updates
RTTNews | 9ч 18мин назад
UK Budget Deficit Overshoots Estimate

UK Budget Deficit Overshoots Estimate

The UK budget deficit surpassed the official estimate in the financial year to September, reaching the second highest level on record due to higher debt costs, data from the Office for National Statistics showed on Tuesday. In the first half of the year, public sector net borrowing rose by GBP 11.5 billion from the last year to GBP 99.8 billion.
RTTNews | 9ч 41мин назад
DAX Modestly Lower In Cautious Trade; Siemens Energy, BASF Drift Lower

DAX Modestly Lower In Cautious Trade; Siemens Energy, BASF Drift Lower

German stocks are somewhat subdued on Tuesday with investors looking for directional clues. With earnings updates set to pour in from this week, investors are currently following the developments on the trade front and tracking geopolitical news as well.
RTTNews | 10ч 1мин назад