FTSE 100 Subdued On Growth Worries

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FTSE 100 Subdued On Growth Worries

(RTTNews) - U.K. stocks were muted on Monday amid growth worries after official data showed the downturn in euro zone business activity accelerated last month.

The benchmark FTSE 100 was marginally lower at 7,414 after losing 0.4 percent on Friday.

Scottish Mortgage Investment Trust edged up slightly despite reporting a drop in net asset value in the first half of the year.

Insurance company Prudential fell about 1 percent after new business sales and profits slowed slightly in the third quarter from the half-year stage.

Melrose Industries, a pure-play aerospace company, rallied 3.7 percent. The company said its GKN Aerospace Engines business has signed a new agreement with aircraft engines maker GE Aerospace.

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Asian Shares Mixed Ahead Of US PCE Inflation Data

Asian Shares Mixed Ahead Of US PCE Inflation Data

Asian stocks ended mixed on Friday as caution prevailed ahead of a key U.S. inflation report due later in the day that might show core personal consumption expenditures prices rose 2.9 percent in July, the fastest pace in five months.
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European Shares Seen Mostly Lower Before US Inflation Data

European Shares Seen Mostly Lower Before US Inflation Data

European stocks may open broadly lower on Friday as the prospect of a peace agreement between Russia and Ukraine waned and focus shifted to a key U.S. inflation reading due later in the day that could provide additional clues on the Federal Reserve's rate outlook.
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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
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Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
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