FTSE 100 Modestly Higher In Cautious Trade After PMI Data

RTTNews | 157 gün önce

(RTTNews) - UK stocks are up in positive territory on Monday, in line with other markets in Europe, amid slightly easing worries about fresh U.S. tariffs. Investors are also digesting regional manufacturing and services sector activity data, in addition to tracking corporate news.

Investors await greater clarity on U.S. tariffs after U.S. President Donald Trump said there will be "flexibility" on his reciprocal tariff plan and that he would discuss tariffs with Chinese President Xi Jinping.

The benchmark FTSE 100 is up 22.02 points or 0.25% at 8,668.81 about half an hour before noon.

Mining stocks are notably higher, thanks to firm metal prices. Anglo American Plc, Glencore and Antofagasta are up 3.7%, 2.7% and 2.5%, respectively. Rio Tinto is up 2.3% and Fresnillo is advancing 1.8%.

Bank stocks Standard Chartered, Barclays Group, Natwest Group and Lloyds Banking Group are up 1.5 to 2.3%. HSBC Holdings is gaining about 1.1%.

Among other gainers, Pershing Square Holdings, Prudential, Pearson, Polar Capital Technology, Airtel Africa, Scottish Mortgage, Howden Joinery, F&C Investment Trust, Hiscox, Auto Trader Group, Experian, Weir Group and Intertek Group are up 1 to 2.5%.

JD Sports Fashion is down nearly 5%. Vodafone Group is lower by about 3.2%, while British Land, Haleon, BP and Hikma Pharmaceuticals are down 1 to 1.7%.

Flash survey results published by S&P Global showed UK's private sector registered modest growth in the month of March, while the manufacturing sector activity dropped to the lowest level since late 2023.

The S&P Global UK Composite PMI rose to 52.0 in March 2025 from 50.5 in February, surpassing market expectations of 50.3. The index reached its highest level since September, driven by the strongest expansion in the service sector since August.

The S&P Global UK Services PMI rose to 53.2 in March 2025, from February's 51 and surpassing market forecasts of 50.9, according to flash estimates, while the S&P Global Flash UK Manufacturing PMI fell to 44.6 in March 2025 from 46.9 in February, below forecasts of 46.4. The reading pointed to the sixth straight month of worsening conditions in the manufacturing sector.

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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Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers

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Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.

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Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.

RTTNews | 1s 45 dakika önce

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.

RTTNews | 1s 58 dakika önce

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

RTTNews | 2s 7 dakika önce

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.

RTTNews | 2s 13 dakika önce

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.

RTTNews | 2s 28 dakika önce

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