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FTSE 100 Little Changed As Debt Costs Push Government Borrowing Higher
(RTTNews) - U.K. stocks were little changed on Tuesday after official data showed government borrowing swelled to £25.6bn ($31.77bn) last month due to additional costs of energy support schemes.
Meanwhile, manufacturing and services PMIs for May surprised to the downside.
Uncertainty over raising the U.S. debt ceiling limit and signs of increasing Sino-U.S. tensions also served to keep underlying sentiment cautious.
The benchmark FTSE 100 was marginally higher at 7,775 after closing 0.2 percent higher on Monday.
Meat producer jumped 4.7 percent after reporting higher annual profit.
Flooring specialist Topps Tiles added 1.6 percent after posting record sales, driven by "nationwide store coverage, world-class customer service and strong omnichannel capability".
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Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street
Honeywell International Inc. (HON), which is preparing to separate into three public companies, on Thursday lifted its fiscal 2025 outlook for earnings and revenues after reporting higher second-quarter results above market estimates.
In pre-market activity on the Nasdaq, Honeywell shares were losing around 1.4 percent.
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42 minuter sedan
FTSE 100 Up Nearly 1% On Encouraging Earnings Updates
U.K. stocks are up firmly in positive territory Thursday morning amid easing concerns about trade, as the U.S. and EU appear set to strike a deal sometime soon. Investors are also reacting to earnings updates and the latest batch of regional economic data.
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1h 16minuter sedan
Sensex Drops 542 Points On Trade Deal Uncertainty; Nifty Dips Below 25,100
Indian shares fell notably on Thursday as investors fretted over stalled India-U.S. trade deal, slowing earnings growth and recent selling by foreign portfolio investors.
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1h 29minuter sedan
Deutsche Bank Shares Up On Highest Q2 Profit Since 2007; Maintains FY25 Guidance
Shares of Deutsche Bank AG were gaining around 7 percent in the morning trading in Germany and around 6 percent in the pre-market activity on the NYSE, after the banking major reported Thursday a net profit in its second quarter, compared to prior year's loss, mainly on the non-recurrence of a litigation provision, and higher revenues.
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1h 34minuter sedan
German Consumer Sentiment To Weaken In August: GfK
Consumer confidence in Germany is set to deteriorate in August as households preferred to save rather than spend due to the escalating uncertainty, survey data from the market research group GfK revealed on Thursday. The Consumer Climate indicator dropped unexpectedly to -21.5 points in August from -20.3 points in July. The score was forecast to improve to -19.4.
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1h 35minuter sedan
CAC Flat In Cautious Trade As Investors Focus On Earnings
French stocks are turning in a mixed performance on Thursday with investors making cautious moves despite growing optimism the U.S. and EU will arrive at a trade agreement soon.
Investors are digesting corporate earnings updates, and await the European Central Bank's monetary policy announcement due later in the day.
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1h 40minuter sedan
DAX Up Nearly 1% As Stocks Extend Gains On Trade Deal Optimism
German stocks are notably higher on Thursday, extending gains from the previous session, thanks to rising optimism about trade following reports the US and EU are heading towards a deal that will see implementation of 15% tariffs on select European imports, as well as scrapping of some duties.
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European Shares Extend Gains Before ECB Rate Decision
European shares traded higher on Thursday to hit a six-week high as investors digested a slew of earnings and awaited the European Central Bank's interest-rate decision later in the day.
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2h 51minuter sedan
