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FTSE 100 Slips Into Red Ahead Of PMI Data
(RTTNews) - U.K. stocks declined on Tuesday as investors awaited the latest business activity data for directional cues.
The benchmark FTSE 100 dropped half a percent to 7,750 after closing 0.2 percent higher on Monday.
Drug makers led losses, with AstraZeneca down 2.3 percent.
Primark-owner Associated British Foods fell about 1 percent despite reporting a 20 percent jump in revenue in the 16 weeks to 7 January 2023.
Brewing and pub giant Marston soared 6 percent after reporting positive sales for the festive period.
Components and systems manufacturer Senior Plc surged 10 percent after saying it expects annual profit to top consensus.
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European Stocks Close Lower After Cautious Session
European stocks closed weak on Monday as investors largely stayed cautious, looking for fresh data for directional clues. Worries about Artificial Intelligence bubble, and uncertainty about monetary policy moves by major central banks including the Federal Reserve weighed on stocks.
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1h 26minuter sedan
Canadian Market Recovers After Early Setback
After recovering from an early setback Monday morning that saw the benchmark S&P/TSX drop by more than 130 points, Canadian stocks recovered lost ground and are turning in a mixed performance with investors digesting the nation's inflation data, and looking ahead to fresh economic reports from the U.S. for directional clues.
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2h 26minuter sedan
U.S. Construction Spending Unexpectedly Rises 0.2% In August
Construction spending in the U.S. unexpectedly saw a modest increase in the month of August, according to a report released by the Commerce Department on Monday.
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3h 55minuter sedan
New York Manufacturing Index Unexpectedly Jumps To One-Year High In November
The Federal Reserve Bank of New York released a report on Monday showing its reading on regional manufacturing activity unexpectedly increased in the month of November.
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3h 56minuter sedan
EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges
The European Commission said the euro area economy is set to grow more than projected in spring this year driven by a surge in exports ahead of anticipated tariff increases and higher investment in equipment and intangible assets. In the Autumn Forecast released on Monday, the EU raised its economic growth outlook for the current year to 1.3 percent from 0.9 percent.
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6h 51minuter sedan
Bay Street Likely To See Mixed Start
Canadian stocks are likely to open on a mixed note on Monday, tracking the trend in European markets and commodity prices. Canadian inflation data, due this morning, could significantly impact the mood. Investors will also be looking ahead to some crucial economic data this week.
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6h 59minuter sedan
FTSE 100 Drifts Lower In Cautious Trade; WPP Rises Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Monday as investors await fresh economic data for directional clues. Worries about AI bubble and uncertainty about upcoming policy moves of major central banks, including the Federal Reserve, also contribute to the cautious mood in the market.
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7h 29minuter sedan
CAC 40 Modestly Lower
French stocks are languishing in negative territory a little past noon on Monday with investors largely making cautious moves amid lingering concerns about Artificial Intelligence bubble, and a bit of uncertainty about the Federal Reserve's upcoming policy move.
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