FTSE 100 Declines As Commodity Stocks Drag On Growth Concerns

RTTNews | 937天前
FTSE 100 Declines As Commodity Stocks Drag On Growth Concerns

(RTTNews) - U.K. stocks traded lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks. Traders also watched the latest developments surrounding the U.S. debt ceiling bill. Anglo American, Glencore, BP Plc and Shell lost 1-2 percent after China reported a contraction in manufacturing activity in May.

The benchmark FTSE 100 was down 14 points, or 0.2 percent, at 7,508 after losing 1.4 percent on Tuesday.

Entain, owned by Ladbrokes, fell over 2 percent after the company revealed it expects to be hit by a large fine as part of an investigation by Britain's tax authority over historic corporate misconduct involving former third-party suppliers.

B&M European Value Retail S.A. jumped 5.6 percent after the discount retailer said it expects current adjusted core earnings to be higher in 2024.

Bloomsbury Publishing gained 2 percent after FY23 profit and revenue beat expectations.

Retailer WH Smith added 1 percent after lifting its full-year guidance.

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Europe Car Sales Increase In November

Europe Car Sales Increase In November

Europe's new car registrations increased for the fifth straight month in November, driven by robust growth in battery electric cars sales, data from the European Automobile Manufacturers' Association, or ACEA, showed Tuesday. Car registrations grew 2.1 percent year-on-year in November but slower that the 5.8 percent rise seen in October.
RTTNews | 2小时11分钟前
European Economic News Preview: German Import Price Data Due

European Economic News Preview: German Import Price Data Due

Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.
RTTNews | 2小时43分钟前
Cautious Optimism Expected In European Markets

Cautious Optimism Expected In European Markets

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RTTNews | 3小时21分钟前
RBA Minutes: Policymakers Discussed Rate Hike Scenario

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Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated
RTTNews | 3小时25分钟前
Australian Market Sharply Extends Early Gains In Mid-market

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading 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 8,750 level, with gains across most sectors led by financial and technology stocks.
RTTNews | 5小时52分钟前
Indian Shares Look Headed For Another Positive Start

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.
RTTNews | 6小时0分钟前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.
RTTNews | 6小时4分钟前