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FTSE 100 Slips Into Red After Recent Rally
(RTTNews) - U.K. stocks traded slightly lower on Thursday after three days of gains.
The benchmark FTSE 100 was down 19 points, or 0.3 percent, at 7,467 after gaining 0.6 percent on Wednesday.
Oil & gas stocks fell, with BP Plc and Shell falling 1-2 percent as Brent crude futures fell below $81 a barrel on signs of higher U.S. supply.
Luxury fashion brand Burberry plummeted 8.2 percent after a warning that it might not meet its full-year revenue growth target for fiscal 2024.
Halma, a life-saving technology company, jumped more than 5 percent after posting record first-half results.
Insurer Aviva rose more than 1 percent after confirming full-year targets.
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U.S. Manufacturing Index Unexpectedly Edges Lower In October
Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
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2ч 17мин назад
Bay Street Likely To Open On Positive Note
Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.
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4ч 18мин назад
FedEx Study Reveals $126 Bln Contribution In Direct & Indirect Impact To Global Economy In FY25
FedEx Corp. has contributed $126 billion in direct and indirect impact to the global economy in fiscal 2025, according to the logistics major's annual Global Economic Impact Report. The company delivered $1.6 billion in direct and indirect impact in the Middle East, Indian Subcontinent, and Africa or MEISA region.
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4ч 39мин назад
UK Manufacturing PMI At 1-Year High
The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey from S&P Global revealed on Monday. The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6.
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4ч 51мин назад
Eurozone Manufacturing Sector Stagnates In October
Eurozone manufacturing sector stagnated in October, as initially estimated, following a fractional deterioration in September, the purchasing managers' survey compiled by S&P Global showed on Monday. The final Purchasing Managers' Index posted 50.0 in October, signalling no change in the operating conditions in the manufacturing sector. The score matched the initial estimate and remained above S
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5ч 23мин назад
FTSE 100 Up Marginally In Cautious Trade
U.K.'s stock market's FTSE 100 is gaining some ground in positive territory on Monday, with stocks from the banking sector attracting attention ahead of the Bank of England's monetary policy announcement this week.
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5ч 42мин назад
Fed's Hawkish Guidance Lifts Dollar
A drastic reduction in Fed rate cut hopes in the aftermath of the hawkish forward guidance by Chair Jerome Powell boosted the U.S. Dollar during the week ended October 31.
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5ч 52мин назад
CAC Modestly Higher; Renault Up After Announcing Stake Sale In Brazil Venture
French stocks are modestly higher on Monday with investors continuing to digest the latest quarterly earnings, and reacting to the data showing an improvement in the nation's manufacturing activity in the month of October.
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6ч 2мин назад
