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FTSE 100 Holds Steady Ahead Of US CPI Revisions
(RTTNews) - U.K. stocks held steady on Friday after Tesco announced a deal to sell its banking arm.
The pound to dollar rate showed resilience above 1.2620 ahead of revisions to U.S. CPI data.
The benchmark FTSE 100 was marginally higher at 7,596 after declining 0.4 percent on Thursday.
Bellway fell about 1 percent. The home builder reported weak housing revenue in its first half, reflecting lower completions and pricing.
Victrex shed 2.3 percent. The polymers group said it had a "soft start" in its first quarter and therefore making full-year guidance could be tricky.
Tesco gained 1 percent. The groceries and general merchandise retailer announced a deal to sell certain banking operations to lending major Barclays.
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European Stocks Close Mixed After Cautious Session
European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.
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U.S. Business Inventories Rise In Line With Estimates In June
A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
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U.S. Consumer Sentiment Unexpectedly Deteriorates In August
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
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2s 13 dakika önce
U.S. Industrial Production Pulls Back Slightly In July
A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.
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New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August
The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
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U.S. Consumer Sentiment Index Unexpectedly Decreases In August
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday.
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U.S. Import Price Growth Exceeds Estimates In July
The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July. The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June. Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.
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3s 41 dakika önce
U.S. Retail Sales Climb 0.5% In July, In Line With Estimates
A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July. The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June.
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4s 14 dakika önce
