FTSE 100 Rises 0.4%; 3i Group Climbs Nearly 5%

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FTSE 100 Rises 0.4%; 3i Group Climbs Nearly 5%

(RTTNews) - U.K. stocks are modestly higher in early afternoon trades on Thursday amid easing tensions about the conflict between Israel and Iran.

Positive reaction to NATO's decision to increase its defense spending target from 2% to 5% of GDP over the next ten years is contributing as well to market's positive move.

The benchmark FTSE 100 was up 34.00 points or 0.39% at 8,752.75 about an hour past noon.

Anglo American Plc shares are gaining more than 8%. 3i Group is up nearly 5%. The investment manager said that its majority-owned business, Action, continued to perform "strongly", with like-for-like sales growth of 6.9% in the year to date.

Glencore and Antofagasta are up 4.5% and 4.4%, respectively. St. James's Place, JD Sports Fashion, Fresnillo, DCC, Entain, Rio Tinto, BAE Systems, Mondi and Spirax Group are advancing 2 to 3.5%.

British American Tobacco, Experian, Hikma Pharmaceuticals, Melrose Industries, Admiral Group, Persimmon, Unilever, Centrica, Reckitt Benckiser and Haleon are up with sharp to moderate losses.

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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, recouping the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,850 level, with gains across most sectors led by mining and technology shares.
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Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and optimistic about an interest rate cut by the US Fed ahead of the Fed's monetary policy announcement on Wednesday. Traders have already factored in a rate cut by the US Fed as a "certainty." Asian markets closed mixed on Monday.
RTTNews | 1h 55minuter sedan
Thai Shares May Crack Resistance At 1,300 Points

Thai Shares May Crack Resistance At 1,300 Points

The Thai stock market has moved higher in seven straight sessions, adding more than 45 points or 3.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau and it may tick higher again on Tuesday.
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Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher in post-holiday trading on Tuesday after opening well in the green, and briefly slipping in to the red, recouping the losses in the previous session, following the positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,800 level, with gains in automakers and technology stocks partially offset by weakness in financial stocks.
RTTNews | 3h 34minuter sedan
Indonesia Bourse May Challenge 8,000-Point Level

Indonesia Bourse May Challenge 8,000-Point Level

The Indonesia stock market has moved higher in four straight sessions, advancing more than 300 points or 4 percent in that span. The Jakarta Composite Index now rests just beneath the 7,940-point plateau and it may extend its gains again on Tuesday.
RTTNews | 3h 38minuter sedan
Hong Kong Stock Market May See Additional Support

Hong Kong Stock Market May See Additional Support

The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 360 points or 1.4 percent in that span. The Hang Seng Index now sits just beneath the 26,450-point plateau and it's expected to open in the green again on Tuesday.
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