FTSE 100 Subdued As Investors Look For Direction; Mining Stocks Rise

RTTNews | 4 дней спустя
FTSE 100 Subdued As Investors Look For Direction; Mining Stocks Rise

(RTTNews) - U.K. stocks are mostly moving in a tight range on Monday as investors await progress in trade negotiations between the U.S. and the European Union, for clues about tariffs

According to reports EU member states are pressing the European Commission to prepare countermeasures, including tariffs on U.S. goods, restrictions on digital services, and limits on public procurement access.

Mining stocks are finding some support thanks to higher iron ore prices.

The benchmark FTSE 100, moving between 8,982.03 and 9,007.79, was down 9.81 points or 0.11% at 8,982.31 a few minutes before noon.

Anglo American Plc and Glencore are up 3.3% and 3.2%, respectively. Antofagasta is rising 2.7% and Rio Tinto is up by about 2.5%. Fresnillo is advancing 0.7%.

Sainsbury (J), Tesco, Entain, SSE, Marks & Spencer and Rentokil Initial are gaining 1 to 1.8%. Londonmetric Property, Mondi, Centrica, Smiths Group, Land Securities, Barrat Redrow, Schroders, Legal & General and Games Workshop are up 0.7 to 1.8%.

Oil & gas giant BP Plc is up by about 0.3% after naming Albert Manifold as its new chairman, succeeding Helge Lund.

Shares of precision engineering group Hunting Plc. are up more than 3% after the company said it has secured a $31 million order for Black Sea gas project.

BAE Systems is down 1.6%. Diageo, Standard Chartered, WPP, Airtel Africa, Barclays, AstraZeneca, Haleon, Auto Trader Group and Relx are down 0.6 to 1.2%.

read more
CAC 40 Pares Early Losses, Up Marginally

CAC 40 Pares Early Losses, Up Marginally

French stocks are a bit subdued in cautious trade on Friday amid a few disappointing earnings updates, and some uncertainty about U.S.-EU trade deal ahead of the August 1 deadline.
RTTNews | 18 минут назад
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against most major currencies in the European session on Friday.
RTTNews | 43 минут назад
DAX Drifts Lower As Investors Await Progress On Trade Front

DAX Drifts Lower As Investors Await Progress On Trade Front

German stocks are notably lower on Friday as investors react to a slew of corporate earnings announcements, and closely follow the developments on the trade front. European Union officials are voicing optimism about a possible trade deal with the United States, but U.S. President Donald Trump's position is seen to have hardened ahead of the August 1 deadline.
RTTNews | 47 минут назад
Yen Falls As Tokyo CPI Inflation Slows

Yen Falls As Tokyo CPI Inflation Slows

The safe-haven Japanese yen weakened against other major currencies in the Asian session on Friday, as data showed Tokyo CPI inflation eased more than expected in July, complicating the Bank of Japan's interest-rate hike prospects.
RTTNews | 53 минут назад
Sensex, Nifty Tumble On US Trade Deal Uncertainty

Sensex, Nifty Tumble On US Trade Deal Uncertainty

Indian shares fell sharply on Friday, with uncertainty around U.S. trade deal, signs of slowing earnings growth and continued selling by foreign investors weighing on markets.
RTTNews | 58 минут назад
German Business Sentiment Strongest In More Than A Year

German Business Sentiment Strongest In More Than A Year

German business confidence improved to the highest level in more than a year in July despite heightening trade tensions, survey results from the Munich-based ifo Institute showed on Friday. The business climate index registered 88.6 in July, up from 88.4 in the previous month. The reading was below forecast of 89.0 but the highest since May 2024.
RTTNews | 1ч 1мин назад