FTSE 100 Declines On Weak Data

RTTNews | 727 dagar sedan
FTSE 100 Declines On Weak Data

(RTTNews) - U.K. stocks edged lower on Tuesday after a survey showed U.K. factory output fell at the fastest pace in seven months in July, hit by higher interest rates.

Separate data from the British Retail Consortium revealed that British retail sales fell in July at the fastest rate since April 2022.

The Bank of England meets on Thursday and economists expect the central bank to raise rates by a quarter-point to 5.25 percent.

The benchmark FTSE 100 was down 14 points, or 0.2 percent, at 7,685 after finishing marginally higher the previous day.

JD Sports Fashion fell 2.8 percent after an investigation by the U.K.'s Competition and Markets Authority (CMA) confirmed that JD Sports and Leicester City Football Club broke competition law.

Lender HSBC Holdings added 1.5 percent after raising its key performance target.

Energy giant BP Plc rose 1.5 percent after raising dividend.

Silver miner Fresnillo plunged 6.6 percent after retailing its 2023 forecast. Pizza group Domino's jumped 7.5 percent on share buyback news.

read more
European Shares Rise As Tariff Worries Ease

European Shares Rise As Tariff Worries Ease

European stocks rose to hit a four-month high on Monday after the U.S. and European Union agreed on a hard-fought deal, helping avert a potentially damaging trade war.
RTTNews | 1h 10minuter sedan
U.S. Dollar Rises Following US-EU Trade Deal

U.S. Dollar Rises Following US-EU Trade Deal

The U.S. dollar strengthened against other major currencies in the European session on Monday, after the United States announced the "biggest-ever" trade deal with the European Union, under which a 15-percent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
RTTNews | 1h 23minuter sedan
European Shares Seen Opening Up On US-EU Trade Deal

European Shares Seen Opening Up On US-EU Trade Deal

European stocks look set to open on a buoyant note Monday after the United States announced the "biggest-ever" trade deal with the European Union, under which a 15-percent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
RTTNews | 4h 36minuter 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 Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,650.00 level, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and energy stocks.
RTTNews | 6h 46minuter sedan
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid optimism that a number of trade deals will be worked out prior to US President Donald Trump's August 1 deadline after the U.S. and the European Union ratified a trade agreement over the weekend, with 15 percent tariffs on most European exports, including cars.
RTTNews | 7h 15minuter sedan