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FTSE 100 Holds Steady As Shop Price Inflation Falls

RTTNews | Pred 546 dňami

FTSE 100 Holds Steady As Shop Price Inflation Falls

(RTTNews) - U.K. stocks were little changed on Tuesday after data showed U.K. shop price inflation weakened to a near two-year low in February.

According to the British Retail Consortium, the shop price index posted an annual increase of 2.5 percent on a yearly basis in February, slower than the 2.9 percent rise in January.

This was the lowest since March 2022. The rate was also below the 3-month average of 3.3 percent.

The benchmark FTSE 100 was marginally higher at 7,686 after falling 0.3 percent in the previous session.

A softer dollar lifted mining stocks, with Anglo American climbing 2.7 percent.

Asset manager Abrdn soared almost 5 percent after narrowing its full-year losses and announcing plans to cut around 500 jobs as part of a cost reduction program.

Medical device giant Smith & Nephew rallied 2.5 percent after posting improved financial results for Q4 and full year 2023.

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U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | Pred 10 minútami

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | Pred 21 minútami

Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

RTTNews | Pred 1 h 40 min

U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.

RTTNews | Pred 1 h 45 min

FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.

RTTNews | Pred 2 h 8 min

CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.

RTTNews | Pred 2 h 32 min

DAX Extending Recent Weakness

DAX Extending Recent Weakness

German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.

RTTNews | Pred 3 h 55 min

Sensex, Nifty Tumble On Tariff Worries

Sensex, Nifty Tumble On Tariff Worries

Indian shares tumbled on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | Pred 4 h 0 min

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