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FTSE 100 Slightly Higher In Choppy Trade
(RTTNews) - U.K. stocks edged higher on Thursday, after having opened lower earlier on concerns about inflation and interest rates.
The benchmark FTSE 100 was up 19 points, or 0.3 percent, at 7,445 after losing 0.2 percent on Wednesday.
Miners Anglo American, Antofagasta and Glencore dropped 1-2 percent after China report weak trade data.
Direct Line Insurance Group shares jumped 17 percent after the motor and home insurer posted a first-half operating loss but forecast improved earnings in 2024.
Smurfit Kappa declined 2.4 percent. The packaging giant said it is in discussions to merge with U.S. rival WestRock.
Tobacco firm BAT edged up slightly after selling its Russian and Belarusian businesses to a consortium led by its Russian management team.
In economic releases, the U.K.'s house prices have seen their biggest decline since 2009, with the average home dropping in value by 4.6 percent or £14,000 over the past year, Halifax reported.
Lower Open Anticipated For Taiwan Stock Market
Continued Consolidation Called For Singapore Shares
Renewed Selling Pressure Expected For Malaysia Shares
Japan Stock Market May Run Out Of Steam On Thursday
South Korea Shares Due For Consolidation
New Zealand Card Retail Sales Data Due On Thursday
U.S. Dollar Declines After Softer-than-expected Inflation Data
