FTSE 100 Edges Higher In Cautious Trade

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FTSE 100 Edges Higher In Cautious Trade

(RTTNews) - U.K. stocks advanced on Monday as data from property platform Zoopla suggested that U.K. house sales rose for the seventh consecutive month in April, driven by demand for smaller homes.

House prices experienced a growth of 1.9 percent in February, indicating a £5,318 increase over the past year.

The benchmark FTSE 100 was up 40 points, or half a percent, at 8,180 after adding 0.8 percent on Friday.

Mining giant Anglo American rose 1.3 percent as its board unanimously rejected a US$39Bn takeover bid from Australia-based BHP, saying the offer "significantly undervalues" the company and its future prospects and was "highly unattractive" for Anglo American's shareholders.

Oxford Biomedica shares jumped 6.4 percent. The cell and gene therapy contract development and manufacturing organization reported stability in its core business and reiterated its near-term and medium-term financial guidance.

Drug major AstraZeneca added 1.3 percent after announcing progress with two breast cancer treatments.

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Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric
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European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
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Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
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European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
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