FTSE 100 Edges Lower On Inflation Worries

RTTNews | Pred 847 dňami
Stocktwits
FTSE 100 Edges Lower On Inflation Worries

(RTTNews) - U.K. stocks declined on Tuesday as commodities shed recent gains from China's reopening,

Inflation worries also returned to the fore after Bank of England Chief Economist Huw Pill said that Britain is at risk of persistent inflationary pressures than other advanced countries.

In economic releases, retail sales in Britain grew nearly 7 percent year-on-year in December, but this was largely due to goods costing more, the latest figures from the British Retail Consortium showed.

The benchmark FTSE 100 was down 20 points, or 0.3 percent, at 7,702 after closing 0.3 percent higher on Monday.

Lower copper prices weighed on miners, with Anglo American falling nearly 2 percent.

Building materials supplier SIG fell about 1 percent despite saying it expects to report higher revenue and underlying operating profit in 2022.

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Asian Shares Mixed In Thin Holiday Trade

Asian Shares Mixed In Thin Holiday Trade

Asian stocks ended mixed in thin holiday trade on Tuesday as investors watched the latest developments in trade negotiations and awaited further policy action from Beijing to boost consumption.
RTTNews | Pred 10 minútami
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite Purchasing Managers' survey data from the euro area is the top economic news due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial production for March. Economists forecast output to grow at a slower pace of 0.4 percent month-on-month, following February's 0.7 percent increase.
RTTNews | Pred 2 h 53 min
China Service Sector Growth Softens In April

China Service Sector Growth Softens In April

China's service sector grew at the slowest pace in seven months in April as disruptions to goods trade amid fresh tariffs negatively impacted new work of some service providers, survey data from S&P Global revealed Tuesday. The Caixin Services Purchasing Managers' Index fell to 50.7 in April from 51.9 in March. The reading was forecast to drop moderately to 51.7.
RTTNews | Pred 3 h 39 min
Sensex, Nifty Marginally Lower In Early Trade

Sensex, Nifty Marginally Lower In Early Trade

Indian shares struggled for direction on Tuesday as tensions between India and Pakistan simmered and media reports suggested that India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the U.S.
RTTNews | Pred 4 h 51 min
Australian Market Slightly Higher In Mid-market After Early Losses

Australian Market Slightly Higher In Mid-market After Early Losses

The Australian stock market is slightly higher in mid-market trading on Tuesday after early losses, reversing some of the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with strong gains in gold miners nearly offset by weakness in iron ore miners, financial and some technology stocks.
RTTNews | Pred 5 h 7 min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, amid easing global trade concerns after US Treasury Secretary Scott Bessent said 17 trading partners, excluding China, have presented very good trade proposals and some deals may be announced as early as this week. He added there could be substantial progress on trade with China.
RTTNews | Pred 5 h 51 min
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