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FTSE 100 Slips As Miners Drag On China Concerns
(RTTNews) - U.K. stocks traded lower on Tuesday after data showed China's exports and imports both sank at their fastest pace since the 2020 COVID-19 pandemic in July, threatening recovery prospects and reinforcing the need for further stimulus measures from policymakers.
The benchmark FTSE 100 was down 27 points, or 0.4 percent, at 7,527 after closing 0.1 percent lower on Monday.
Miner Glencore tumbled 3.8 percent after half-year profit dropped 50 percent.
Anglo American dropped 1.8 percent and Antofagasta declined 1.2 percent on concerns over slowing growth in China.
Asset manager Abrdn plunged almost 8 percent after reporting a drop in its assets under management.
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KOSPI May Add To Monday's Gains
The South Korea stock market on Monday snapped the two-day slide in which it had stumbled more than 135 points or 3.9 percent. The KOSPI now sits just shy of the 3,150-point plateau and it may add to its winnings on Tuesday.
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13 minuter sedan
BoJ Minutes On Tap For Tuesday
The Bank of Japan will on Tuesday release the minutes from its June 16-17 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
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1h 13minuter sedan
Pound Eases Against Most Majors
The pound retreated against its most major counterparts in the New York session on Monday.
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3h 38minuter sedan
Swiss Market Ends Marginally Down
After an early sharp drop, the Switzerland market recovered some lost ground Monday morning, but stayed in negative territory right through the day's trading session, as investors largely stayed cautious, waiting for directional clues.
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4h 59minuter sedan
European Markets Close On Firm Note As Stocks Rebound On Bargain Hunting
European markets closed on a firm note on Monday, rebounding well from recent losses, as investors indulging in some bargain hunting after previous week's setback following U.S. President Donald Trump's sweeping tariff announcement.
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5h 12minuter sedan
U.S. Factory Orders Pull Back Sharply In June
After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
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8h 54minuter sedan
Weak Jobs Data Limits Dollar's Rebound
A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
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Eurozone Investor Sentiment Weakens Unexpectedly
Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
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