FTSE Modestly Higher As Investors Focus On Earnings

RTTNews | Pred 14 dňami
FTSE Modestly Higher As Investors Focus On Earnings

(RTTNews) - U.K. stocks are up in positive territory on Thursday with investors switching their focus to earnings updates. A firm trend across Europe amid optimism over a potential trade deal between the EU and US is also contributing to the positive mood in the British market.

The benchmark FTSE 100 was at 8,960.62 a little while ago, gaining 34.07 points or 0.38%.

Diploma, up 7.1%, is the biggest gainer in the FTSE 100 index. Ashtead Group, Lloyds Banking Group, Whitbread, IMI, Tayloer Wimpey, Coca-Cola Europacific Partners, Smiths Group, Pershing Square Holdings, Airtel Africa, Rentokil Initial and Smith & Nephew are gaining 1.5 to 2.7%.

Online supermarket and technology group Ocado is up more than 12% after reporting better-than-expected first-half results.

Shares of low-cost airline EasyJet Plc are down 6.5% after strike action by French air traffic controllers and higher fuel prices dented its quarterly performance.

Endeavour Mining is down nearly 2%, while Anglo American Plc is down by about 1.3%. Antofagasta, IAG, Mondi, Reckitt Benckiser and St. James's Place are lower by 0.6 to 1%.

In economic releases, data showed the U.K. unemployment rate rose unexpectedly to 4.7% in the three months to May, while it was forecast to remain unchanged at 4.6%.

Pay growth slipped from 5.3% to 5%, spurring hopes the Bank of England will cut interest rates next month.

read more
China Manufacturing Activity Slips Into Contraction

China Manufacturing Activity Slips Into Contraction

China's factory activity contracted in July as softening new orders forced manufacturers to scale back production and staffing, purchasing managers' survey results from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index fell to 49.5 in July from 50.4 in June. The latest score suggested contraction in the sector.
RTTNews | Pred 20 minútami
European Economic News Preview: Eurozone Flash Inflation Data Due

European Economic News Preview: Eurozone Flash Inflation Data Due

Flash inflation and final Purchasing Managers' survey data from the euro area are the top economic news due on Friday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to rise 2.1 percent on a yearly basis in July, the same rate as seen in June. At 3.15 am ET, S&P Global publishes Spain's manufacturing PMI data. The index is forecast to rise to 51.7 in July.
RTTNews | Pred 51 minútami
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | Pred 3 h 25 min
Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.
RTTNews | Pred 3 h 45 min
Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.
RTTNews | Pred 5 h 22 min