FTSE 100 Declines On Weak Data

RTTNews | 720天前
FTSE 100 Declines On Weak Data

(RTTNews) - U.K. stocks edged lower on Tuesday after a survey showed U.K. factory output fell at the fastest pace in seven months in July, hit by higher interest rates.

Separate data from the British Retail Consortium revealed that British retail sales fell in July at the fastest rate since April 2022.

The Bank of England meets on Thursday and economists expect the central bank to raise rates by a quarter-point to 5.25 percent.

The benchmark FTSE 100 was down 14 points, or 0.2 percent, at 7,685 after finishing marginally higher the previous day.

JD Sports Fashion fell 2.8 percent after an investigation by the U.K.'s Competition and Markets Authority (CMA) confirmed that JD Sports and Leicester City Football Club broke competition law.

Lender HSBC Holdings added 1.5 percent after raising its key performance target.

Energy giant BP Plc rose 1.5 percent after raising dividend.

Silver miner Fresnillo plunged 6.6 percent after retailing its 2023 forecast. Pizza group Domino's jumped 7.5 percent on share buyback news.

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China Keeps Key Lending Rates On Hold

China Keeps Key Lending Rates On Hold

The People's Bank of China maintained its interest rates unchanged on Monday as the economy faces subdued domestic demand amid challenging global economic conditions. The bank retained its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was kept unchanged at 3.50 percent.
RTTNews | 53分钟前
European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

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RTTNews | 2小时8分钟前
Sensex, Nifty Fluctuate In Early Trade

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Indian shares were fluctuating on Monday as investors reacted to a slew of earnings, EU sanctions on Nayara refinery and comments from India's Commerce Minister Piyush Goyal that India will enter international trade agreements only if they serve the country's interests.
RTTNews | 3小时11分钟前
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Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Monday, with earnings and trade developments likely to be in focus.
RTTNews | 5小时0分钟前
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RTTNews | 5小时16分钟前
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The Indonesia stock market has moved higher in 10 straight sessions, gathering more than 440 points or 6.3 percent along the way. The Jakarta Composite Index now sits just above the 7,310-point plateau although it's overdue for consolidation on Monday.
RTTNews | 6小时8分钟前
Little Movement Seen For Hong Kong Stock Market

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The Hong Kong stock market on Friday halted the two-day losing streak in which it had slipped more than 90 points or 0.3 percent. The Hang Seng Index now sits just above the 24,825-point plateau although it may be stuck in neutral on Monday.
RTTNews | 6小时23分钟前
Little Movement Likely For China Stock Market

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The China stock market has finished higher in consecutive trading days, collecting more than 30 points or 0.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,535-point plateau and it's expected to hold steady at the mark on Monday.
RTTNews | 6小时38分钟前