FTSE 100 Slips Amid Rate Woes

RTTNews | 920 ngày trước
FTSE 100 Slips Amid Rate Woes

(RTTNews) - U.K. stocks were moving lower on Friday as concerns over U.S. rate hikes overshadowed strong retail sales data.

U.K. shop sales volumes unexpectedly rose by 0.5 percent in January, after falling in December, official figures showed.

The benchmark FTSE 100 was down 40 points, or half a percent, at 7,973 after rising 0.2 percent the previous day.

Kingspan Group shares soared 6.3 percent. The Irish building materials firm reported higher revenue and profit last year despite "bumpy" economic conditions.

Medical products maker Smith+Nephew fell about 1 percent after naming Rupert Soames as its new chairman designate.

Warehouse specialist SEGRO advanced 1.5 percent after delivering a strong operational result for 2022.

Lender NatWest fell more than 8 percent despite reporting a strong rise in annual profits.

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Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading 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 up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
RTTNews | 2h 9phút trước
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | 2h 26phút trước
Thai Shares Tipped To Open To The Upside On Monday

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.
RTTNews | 3h 35phút trước
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | 3h 47phút trước
Indonesia Stock Market May End Losing Streak On Monday

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
RTTNews | 4h 5phút trước
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.
RTTNews | 4h 6phút trước