FTSE 100 Edges Lower After PMI Data

RTTNews | 674 dagar sedan
FTSE 100 Edges Lower After PMI Data

(RTTNews) - U.K. stocks traded lower on Tuesday after the latest PMI data signaled persistent contraction in the country's private sector for the third consecutive month.

The composite PMI, which combines services activity and manufacturing output, inched up to 48.6 from 48.5.

Meanwhile, the ILO unemployment rate dropped to 4.2 percent in the three months to August, as against a 4.3 percent reading reported in the three months to July. Analysts didn't expect any change.

The benchmark FTSE 100 was down 17 points, or 0.2 percent, at 7,358 after declining 0.4 percent on Monday.

Miners advanced, with Anglo American, Antofagasta and Glencore all rising around 1 percent as base metal prices rose on a weaker dollar.

Barclays slumped 6.3 percent after the lender warned of margin pressure and hinted at major cost cutting later this year.

Peers Lloyds Banking Group and NatWest fell around 2 percent each.

Distribution services giant Bunzl tumbled 4.5 percent after revenue for the third quarter fell 4.8 percent at constant exchange rates.

read more
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.
RTTNews | 47 minuter sedan
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.
RTTNews | 1h 40minuter sedan
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.
RTTNews | 1h 41minuter sedan
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.
RTTNews | 3h 6minuter sedan
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.
RTTNews | 3h 21minuter sedan
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 4h 4minuter sedan
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 4h 12minuter sedan