FTSE 100 Tumbles As Record Wage Growth Fuels Inflation Concerns

RTTNews | 662 dagar sedan
FTSE 100 Tumbles As Record Wage Growth Fuels Inflation Concerns

(RTTNews) - U.K. stocks fell sharply on Tuesday after data showed the U.K. unemployment rate increased unexpectedly in the second quarter.

The jobless rate rose to 4.2 percent in three months to June, while it was forecast to remain unchanged at 4.0 percent - according to the office for National Statistics. Wage growth accelerated at the strongest pace on record between April and June - fueling concerns over inflation and further interest-rate rises.

The benchmark FTSE 100 was down 88 points, or 1.2 percent, at 7,418 after losing 0.2 percent on Monday.

In corporate news, retailer Marks & Spencer jumped 6.5 percent after raising its profit outlook.

Bunzl dropped 1.3 percent after the distribution and service specialist announced several acquisitions in Spain, Brazil, Canada and the Netherlands.

Bookmaker 888 Holdings fell nearly 2 percent after it swung to a pre-tax loss in the first half of the year on higher costs and expenses.

Likewise, life insurer and asset manager Legal & General tumbled 3.7 percent after it reported a 10 percent drop in assets under management in the year to end June.

read more
U.S. Dollar Higher After Strong Jobs Data

U.S. Dollar Higher After Strong Jobs Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.
RTTNews | 1 dag sedan
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a flat start and a subsequent modest upmove, the Switzerland market turned subdued and fell into negative territory by noon on Friday, but recovered gradually to finally end the day's session on a positive note.
RTTNews | 1 dag sedan
European Markets Close Higher

European Markets Close Higher

The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP. Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.
RTTNews | 1 dag sedan
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 1 dag sedan
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 1 dag sedan
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 1 dag sedan
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
RTTNews | 1 dag sedan