FTSE 100 Slides As Commodity Shares Drag

RTTNews | 864 gün önce

(RTTNews) - U.K. stocks traded lower on Friday, as commodity prices fell against a firmer dollar. The benchmark FTSE 100 was down 70 points, or 0.9 percent, at 7,548 despite stronger-than-expected GDP data.

The British pound rose, and interest-rate hike concerns returned to the fore after official data showed the U.K. economy logged a surprise growth in the second quarter.

GDP grew 0.2 percent sequentially in the second quarter, following a 0.1 percent rise in the previous quarter, the Office for National Statistics reported. Economists were looking for stagnation in the second quarter.

However, the level of quarterly GDP was 0.2 percent below its pre-coronavirus level in the fourth quarter of 2019.

On a yearly basis, GDP rose 0.4 percent in the second quarter, which was bigger than economists' forecast of 0.2 percent.

Miners Anglo American, Antofagasta and Glencore all fell around 2 percent, tracking lower base metal prices after a profit warning from China's biggest property developer deepened concerns about the health of the property sector.

Oil & gas giant BP Plc dropped 1.8 percent and Shell gave up 1.4 percent as crude extended overnight losses on China demand concerns.

Murray International Trust shares fell 1.3 percent. The investment company Thursday reported return before taxation of 38.66 million pounds for the first half, lower than 62.66 million pounds in the same period last year, primarily due to loss on investments.

Unilever fell about 1 percent after announcing a voluntary recall of select Knorr Sopa Soup Mix products.

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 1s 33 dakika önce

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2s 9 dakika önce

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 2s 14 dakika önce

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2s 24 dakika önce

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 2s 33 dakika önce

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2s 54 dakika önce

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 3s 24 dakika önce

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3s 54 dakika önce

EURUSD	1.17736	GBPUSD	1.34799	AUDUSD	0.66678
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