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FTSE 100 Declines As Financials And Energy Stocks Drag
(RTTNews) - U.K. stocks were moving lower on Friday as the pound sterling held gains and investors awaited the latest U.S. labor market statistics for directional cues.
The benchmark FTSE 100 dropped 28 points, or 0.4 percent, to 7,531 after declining 0.2 percent on Thursday.
Financials declined, with Standard Chartered and HSBC Holdings falling around 1 percent each.
Energy stocks succumbed to selling pressure after recent gains.
BP Plc lost 2.5 percent and Shell gave up 1.60 percent after the release of troubling U.S. manufacturing data and amid uncertainty over the outcome of Sunday's OPEC+ meeting.
Wizz Air Holdings gained nearly 2 percent after reporting a 70 percent rise in passenger traffic figures for November.
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UK House Prices Rise At Fastest Pace In 6 Months
UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
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13 minuter sedan
NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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32 minuter sedan
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
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42 minuter sedan
German Exports Recover In June
Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
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43 minuter sedan
European Economic News Preview: BoE Likely To Cut Rates
The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
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1h 49minuter sedan
European Shares Poised For Mixed Open
European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
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2h 14minuter sedan
Sensex, Nifty Open Lower On Tariff Concerns
Indian shares opened a tad lower on Thursday after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
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3h 21minuter sedan
Australian Market Extends Early Losses In Mid-market
The Australian market is extending early losses in mid-market moves on Thursday, snapping a three session winning streak, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in iron ore miners and energy stocks.
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4h 18minuter sedan
