FTSE 100 Rises As US Recession Worries Ease

RTTNews | 405 ngày trước
FTSE 100 Rises As US Recession Worries Ease

(RTTNews) - U.K. stocks advanced on Friday as positive weekly jobless claims data eased some of worries of a recession in the world's largest economy.

Also, a measure of China's consumer price inflation surged to a five-month high, providing much-need positive news on the world's second-largest economy.

The benchmark FTSE 100 was up 55 points, or 0.7 percent, at 8,201 after declining 0.3 percent on Thursday.

Revolution Bars Group soared more than 16 percent. The troubled bar firm has secured a High Court's judge approval for its restructuring plan.

Bellway rallied nearly 3 percent. The housebuilder expects to return to growth in fiscal 2025 if market conditions remain stable.

Hargreaves Lansdown climbed 2.3 percent. The investment platform has agreed to a 5.44 billion-pound ($6.94 billion) takeover by a consortium backed by private equity firm CVC Capital Partners.

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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up near the 8,800 level, with gains in financial, energy and technology stocks partially offset by a mixed performance in mining stocks.
RTTNews | 1h 28phút trước
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, as traders continued to digest the US Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.
RTTNews | 1h 47phút trước
Thai Shares May Halt Slide On Friday

Thai Shares May Halt Slide On Friday

The Thai stock market has moved lower in consecutive trading days, shedding more than 10 points of 0.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau, although it may find support on Friday.
RTTNews | 2h 49phút trước
Japanese Market Notably Higher

Japanese Market Notably Higher

Extending the gains in the previous session, the Japanese market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 45,700 level, with gains across most sectors led by automakers, financial and technology stocks.
RTTNews | 3h 7phút trước
Higher Open Tipped For Indonesia Stock Market

Higher Open Tipped For Indonesia Stock Market

The Indonesia stock market on Thursday ended the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index now sits just shy of the 8,010-point plateau, although it may tick higher again on Friday.
RTTNews | 3h 19phút trước
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains energy and technology stocks partially offset by weakness in mining stocks.
RTTNews | 3h 19phút trước