FTSE 100 Slips On China COVID Concerns

RTTNews | 881 dagar sedan
FTSE 100 Slips On China COVID Concerns

(RTTNews) - U.K. stocks edged lower on Tuesday amid lingering worries about the COVID-19 situation in China.

Due to the size of the Chinese economy, analysts say that the recent surge in virus cases in the country after a sudden policy shift will have an adverse impact on the global economy in the short term.

The benchmark FTSE 100 dipped 12 points, or 0.2 percent, to 7,347 after rising 0.4 percent the previous day.

Miners traded mixed, with Antofagasta and Glencore rising around half a percent after China's central bank kept benchmark lending interest rates unchanged for the fourth consecutive month.

Bunzl slipped half a percent after the company sold its U.K. healthcare division and bought four new businesses in a series of deals.

Oilfield services provider Petrofac lost 10 percent after flagging an annual operating loss.

read more
DAX Down Marginally In Cautious Trade

DAX Down Marginally In Cautious Trade

German stocks are exhibiting weakness on Monday in cautious trade after recent gains. Investors are assessing possible risks to global economic growth due to geopolitical tensions and tariff uncertainty, as well as a downgrade in U.S. sovereign debt.
RTTNews | 22 minuter sedan
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | 2h 42minuter sedan
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 4h 16minuter sedan
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | 5h 8minuter sedan