FTSE 100 Gains As Debt Ceiling Worries Ease

RTTNews | 828 ngày trước
FTSE 100 Gains As Debt Ceiling Worries Ease

(RTTNews) - U.K. stocks traded higher on Friday as comments from lawmakers sparked hopes that the U.S. will avert a potentially catastrophic debt default as early as June 1.

Also helping boost investor sentiment, survey data from the market research group GfK showed earlier today that U.K. consumer confidence continued to strengthen in May.

The consumer sentiment index posted -27 in May compared to -30 in April - marking improvement for the fourth straight month.

The benchmark FTSE 100 was up 34 points, or 0.4 percent, at 7,776 after closing 0.3 percent higher the previous day.

Titon Holding, a supplier of ventilation systems and window-and-door products, slumped 9.5 percent. The company said it expects FY2023 results below expectations.

Drinks company C&C Group plunged 17 percent after announcing a €25m hit from problems implementing a system upgrade in its Matthew Clark and Bibendum (MCB) businesses in the U.K.

Industrial technology firm Smiths Group gained about 1 percent after raising its annual organic revenue growth outlook.

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Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

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Thai Shares Tipped To Open To The Upside On Monday

Thai Shares Tipped To Open To The Upside On Monday

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Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.
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Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

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