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FTSE 100 Gains Led By Commodity-related Stocks

RTTNews | 1000 dagar sedan

FTSE 100 Gains Led By Commodity-related Stocks

(RTTNews) - U.K. stocks rose notably on Wednesday, as commodity-related stocks surged on optimism over a demand revival in China following this week's announcement that strict quarantine requirements for arriving travelers will be dropped early next month.

The benchmark FTSE 100 was up 52 points, or 0.7 percent, at 7,522 as trading resumed after a long holiday weekend.

Higher copper prices boosted miners, with Anglo American, Antofagasta and Glencore climbing 1-2 percent.

Oil and gas firm BP Plc rallied 2.2 percent and Shell added 1 percent as oil prices remained supported by news that Russia aims to ban oil sales from Feb. 1 to countries that abide by a G7 price cap imposed on Dec. 5.

Financials exposed to China rose, with HSBC Holdings and Prudential both rising around 2 percent.

AstraZeneca edged down slightly. The drug major announced that its immunotherapies Imfinzi (durvalumab) and Imjudo (tremelimumab) have been approved in Japan for the treatment of three cancer types.

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Singapore Bourse May Hand Back Tuesday's Gains

Singapore Bourse May Hand Back Tuesday's Gains

The Singapore stock market on Tuesday finally halted the seven-day losing streak in which it had slumped more than 55 points or 1.3 percent. The Straits Times Index now sits just above the 4,300-point plateau although it may head south again on Wednesday.

RTTNews | 29 minuter sedan

Rally May Stall For Malaysia Stock Market

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has ticked higher in two straight sessions, collecting more than 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may run out of steam on Wednesday.

RTTNews | 59 minuter sedan

Renewed Selling Pressure Likely For Japan Stock Market

Renewed Selling Pressure Likely For Japan Stock Market

Ahead of Tuesday's holiday for the Autumnal Equinox, the Japanese stock market had alternated between positive and negative finishes through the previous four trading days, since the end of the four-day winning streak in which it had surged more than 1,430 points or 3.2 percent. The Nikkei 225 now sits just beneath the 45,500-point plateau and it's looking at a soft start on Wednesday.

RTTNews | 1h 14minuter sedan

KOSPI Due For Profit Taking On Wednesday

KOSPI Due For Profit Taking On Wednesday

The South Korea stock market has finished higher in back-to-back sessions, advancing more than 40 points or 1.1 percent along the way. Now at another fresh record closing high, the KOSPI sits just above the 3,485-point plateau although investors are likely to lock in gains on Wednesday.

RTTNews | 1h 29minuter sedan

Consumer Confidence Ebbs In September - BoK

Consumer Confidence Ebbs In September - BoK

Consumer confidence in South Korea dipped in September, the latest survey from the Bank of Korea said on Wednesday with a consumer sentiment index score of 110.1.

RTTNews | 1h 46minuter sedan

U.S. Dollar Weakens Against Some Majors

U.S. Dollar Weakens Against Some Majors

The U.S. dollar fell against some of its major counterparts in the New York session on Tuesday.

RTTNews | 2h 23minuter sedan

Japan Manufacturing PMI Data Due On Wednesday

Japan Manufacturing PMI Data Due On Wednesday

Japan will on Wednesday see September results for the manufacturing and services PMIs from Jibun Bank, highlighting a light day for Asia-Pacific economic activity. In August, their scores were 49.7 and 53.1, respectively.

RTTNews | 2h 29minuter sedan

OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

The Organisation for Economic Co-operation and Development said in a report on Tuesday that the full impact of the massive hike in trade tariffs announced by the U.S. is yet to be felt though early effects are becoming increasingly evident.

RTTNews | 3h 46minuter sedan

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