FTSE 100 Declines On Growth, Inflation Concerns

RTTNews | 1055 dagar sedan
Stocktwits
FTSE 100 Declines On Growth, Inflation Concerns

(RTTNews) - U.K. stocks fell notably on Thursday amid renewed worries about slowing economic growth and uncertainty over pervasive inflation.

The British pound edged lower amid political uncertainty. In the first vote to choose who will succeed Boris Johnson as Conservative party leader, former finance minister Rishi Sunak won the biggest backing from Conservative lawmakers.

The benchmark FTSE 100 was down 56 points, or 0.8 percent, at 7,100 after declining 0.7 percent in the previous session.

Consumer credit reporting company Experian jumped 2.3 percent after its revenue in the first quarter grew 7 percent at actual exchange rates and 9 percent at constant exchange rates, benefiting from robust demand mainly in North America.

Investment manager Ashmore Group lost about 4 percent after the company saw its assets under management drop 18.3 percent to $64bn in the three months to June 2022.

Recruiter Hays advanced 1.7 percent after reporting a 23 percent jump in quarterly fees.

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Antipodean Currencies Slide As China Manufacturing Activity Contracts

Antipodean Currencies Slide As China Manufacturing Activity Contracts

The antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies in the Asian session on Tuesday, after China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders.
RTTNews | 1h 40minuter sedan
China Manufacturing Activity Contracts For First Time In 8 Months

China Manufacturing Activity Contracts For First Time In 8 Months

China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders, survey results from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index unexpectedly fell to 48.3 in May, down from 50.4 in April. The score was seen at 50.8.
RTTNews | 2h 15minuter sedan
European Economic News Preview: Eurozone Inflation Data Due

European Economic News Preview: Eurozone Inflation Data Due

Flash inflation and unemployment from the euro area are the top economic news due on Tuesday. At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss inflation data. Consumer prices are forecast to rise 0.2 percent in May compared to no change in April. At 3.00 am ET, unemployment data is due from Spain.
RTTNews | 2h 30minuter sedan
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks may open slightly higher on Tuesday after reports emerged that U.S. President Donald Trump will speak with his Chinese counterpart Xi Jinping -- possibly this week --to address tariff disputes and improve relations.
RTTNews | 2h 42minuter sedan
FSIS Warns Against Not-Ready-To-Eat Ham Croquette Product

FSIS Warns Against Not-Ready-To-Eat Ham Croquette Product

The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert against Croquetas La Mary LLC's frozen not-ready-to-eat ham croquette product citing misbranding and undeclared allergens. The product contains soy and sesame, known allergens, which are not declared on the product label.
RTTNews | 3h 17minuter sedan
Sensex, Nifty Subdued In Early Trade

Sensex, Nifty Subdued In Early Trade

Indian shares were subdued on Tuesday, extending losses for a third straight session amid rising geopolitical and trade tensions.
RTTNews | 4h 3minuter sedan
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,450 level, with gains across most se led by gold miners, technology and financial stocks.
RTTNews | 4h 57minuter sedan
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are mostly higher on Tuesday, following the positive cues from Wall Street overnight, as traders reacted to news that the US and China could revive trade talks as soon as this week after US President Donald Trump accused China of violating the trade agreement reached last month. The sharp increase in price of commodities such as gold and crude oil also aided the markets.
RTTNews | 5h 4minuter sedan
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