FTSE 100 Gains On China COVID Optimism

RTTNews | 1004 дней спустя
FTSE 100 Gains On China COVID Optimism

(RTTNews) - U.K. shares rose notably on Tuesday amid hopes that anti-lockdown protests may pressure the Chinese government into eventually relaxing its zero-COVID policy.

The benchmark FTSE 100 climbed 46 points, or 0.6 percent, to 7,520 after closing 0.2 percent lower on Monday.

Equipment rental specialist Vp Plc rallied 3 percent after posting solid first-half results.

Private equity firm Bridgepoint Group was little changed, recovering from an early tumble, after confirming that it is evaluating a number of potential strategic opportunities, including the possible acquisition of energy transition investor Energy Capital Partners.

EasyJet lost nearly 4 percent after the airline posted a full-year loss and scrapped its 2022 dividend.

Telecom major Vodafone fell about 1 percent after launching a buyback offer for up to $2.3 billion of its 4.375% notes due in May 2028.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 18 минут назад
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 3ч 8мин назад
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 3ч 36мин назад
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 6ч 40мин назад
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 7ч 23мин назад
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 7ч 53мин назад