FTSE 100 Extends Rally As Earnings Boost Adds To Inflation Euphoria

RTTNews | 886 дней спустя

(RTTNews) - FTSE 100 of the London Stock Exchange continued to surge as earnings boost exacerbated the positive sentiment generated by the easing in inflation. Anglo American jumped after a production update.

FTSE 100 oscillated between 7,585.85 and 7,650.86 versus the previous day's closing level of 7,588.20.

The benchmark index of the London Stock Exchange is currently trading at 7,650.86, up 0.83 percent on an overnight basis.

In the 100-scrip index, only 23 are trading in the overnight red zone.

Anglo American and Antofagasta gained 4.8 percent. Glencore followed with a rally of more than 4 percent. Persimmon rallied 3.5 percent. Barratt Developments, M&G, Burberry Group, Rio Tinto, ABRDN, all rallied more than 2 percent.

On the losing side, Scottish Mortgage Investment Trust, Diageo and Unilever have declined more than 1 percent.

Sterling continued to tumble, amidst a reassessment of the monetary policy outlook. Amidst speculations of a less hawkish stance by the Bank of England, the GBP/USD pair has fallen 0.36 percent overnight to 1.2890.

Pricing in the commodity price rise speculation following Russia's exit from the Black Sea grain deal, bond yields have risen across regions. In tandem, yields on U.K.'s ten-year bonds have increased, though much more than its European counterparts. It has touched 4.2505%, rising more than 0.87 percent in the current session.

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 1ч 47мин назад

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2ч 23мин назад

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 2ч 28мин назад

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2ч 38мин назад

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 2ч 47мин назад

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3ч 8мин назад

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 3ч 38мин назад

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 4ч 8мин назад

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