FTSE 100 Edges Lower On Inflation Concerns

RTTNews | 581天前
FTSE 100 Edges Lower On Inflation Concerns

(RTTNews) - U.K. stocks traded lower on Friday after Bank of England's chief economist Huw Pill told the Financial Times that it was too early to declare victory in the battle against high inflation.

GfK's consumer confidence index improved this month, helping limit overall losses to some extent.

The benchmark FTSE 100 was down 29 points, or 0.4 percent, at 7,454 after rising 0.2 percent on Thursday.

Miners fell, with Anglo American, Antofagasta and Glencore falling around 1 percent.

Barclays edged up slightly after reports that the lender is mulling cutting around 2,000 jobs as part of plans to cut costs by as much as £1 billion ($1.3 billion) over several years.

Telematics and data technology specialist Trakm8 Holdings tumbled 3.2 percent after declaring its half-year results.

Legal & General was down half a percent after it agreed a 4.8 billion pounds full buy-in with the Boots Pension Scheme.

read more
U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.
RTTNews | 1小时38分钟前
U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.
RTTNews | 2小时2分钟前
Eurozone Economic Sentiment Falls Unexpectedly

Eurozone Economic Sentiment Falls Unexpectedly

Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.
RTTNews | 3小时8分钟前
Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

Canadian shares look headed for a higher start Friday morning, thanks to positive global cues amid easing trade tensions after the U.S. struck a deal with China to expedite rate earth shipments.
RTTNews | 3小时14分钟前
Coleman Co. Recalls 229K Converta Camping Cots, Stretchers

Coleman Co. Recalls 229K Converta Camping Cots, Stretchers

Atlanta, Georgia-based Coleman Co., Inc. is recalling about 228,760 units of Converta camping cots and Converta camping suspension stretchers citing laceration and amputation, according to the U.S. Consumer Product Safety Commission. The recall involves Coleman Converta camping cots with model numbers 2000003077 and 2000020282, and Coleman Converta camping suspension stretchers with model number
RTTNews | 3小时25分钟前
FTSE 100 Moderately Higher On Easing Trade Tensions

FTSE 100 Moderately Higher On Easing Trade Tensions

The U.K. market is moderately higher Friday afternoon, led by gains in stocks from financials and healthcare sectors. Easing concerns about U.S.-China trade tensions, and Mid-East worries contribute to the firm undertone in the market.
RTTNews | 3小时50分钟前
CAC 40 Up Nearly 1.5%

CAC 40 Up Nearly 1.5%

Despite data showing an acceleration in the nation's consumer price inflation, and a deterioration in Eurozone economic sentiment, French stocks are notably higher on Friday thanks to easing trade tensions after the U.S. struck a deal with China to expedite rare earth shipments.
RTTNews | 4小时8分钟前