FTSE 100 Little Changed As Debt Costs Push Government Borrowing Higher

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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

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FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

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Deutsche Bank Shares Up On Highest Q2 Profit Since 2007; Maintains FY25 Guidance

Deutsche Bank Shares Up On Highest Q2 Profit Since 2007; Maintains FY25 Guidance

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German Consumer Sentiment To Weaken In August: GfK

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CAC Flat In Cautious Trade As Investors Focus On Earnings

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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DAX Up Nearly 1% As Stocks Extend Gains On Trade Deal Optimism

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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 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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