FTSE 100 Gains With Focus On Politics

RTTNews | 698 days ago
Stocktwits
FTSE 100 Gains With Focus On Politics

(RTTNews) - U.K. stocks rebounded on Wednesday and the pound fell against the dollar as Prime Minister Boris Johnson faces the fight for his political life, following the resignations of two key ministers.

Cabinet chief of staff Steve Barclay has been appointed as the new health secretary while education secretary Nadhim Zahawi was named as the new finance minister.

The benchmark FTSE 100 jumped 92 points, or 1.3 percent, to 7,118 after plummeting 2.9 percent the previous day on recession worries.

Abrdn soared 7.4 percent after the investment company launched a GBP300-million share buyback program.

Online booking site Trainline jumped almost 20 percent after the company upped its sales outlook, citing a recovery in demand for travel across Europe amid an influx of U.S. tourists.

Investors shrugged off survey results from S&P Global showing that the U.K. construction sector activity growth weakened to a nine-month low in June.

Stocktwits
read more
UEFA European Football Championship Unlikely To Give Major Boost To German Retail - Ifo

UEFA European Football Championship Unlikely To Give Major Boost To German Retail - Ifo

Only supermarkets, beverage retailers and specialized sports goods stores in Germany are likely to register any significant growth in sales as the country hosts the UEFA Euro 2024 football tournament that kicks off in the middle of the month, the ifo institute said Monday. The ifo business confidence indicator for the retail industry rose to -13.3 points in May from -14.5 points in April.
RTTNews | 4h 32min ago
UK Manufacturing Sector Returns To Growth

UK Manufacturing Sector Returns To Growth

The UK manufacturing sector returned to growth in May as production grew the most in more than two years on improved order intakes, final survey data released by S&P Global revealed on Monday. The manufacturing Purchasing Managers' Index advanced to 51.2 in May from 49.1 in April. This was the highest reading since July 2022 but a tick below the initial estimate of 51.3.
RTTNews | 5h 9min ago
Liquidia Says Court Denies United Therapeutics' Motion For Injunction To Block Launch Of YUTREPIA

Liquidia Says Court Denies United Therapeutics' Motion For Injunction To Block Launch Of YUTREPIA

Liquidia Corp. (LQDA) announced Monday that Judge Andrews of the U.S. District Court for the District of Delaware (District Court) denied the motion for preliminary injunction filed by United Therapeutics (UTHR) on Friday that sought to block the launch of Liquidia's YUTREPIA (treprostinil) inhalation powder to treat pulmonary hypertension associated with interstitial lung disease (PH-ILD).
RTTNews | 5h 51min ago
Eurozone Manufacturing Activity Posts Slower Contraction

Eurozone Manufacturing Activity Posts Slower Contraction

Downturn in the euro area manufacturing activity softened in May as production moved closer to stabilization and orders fell at a slower pace amid the rising business sentiment, final HCOB survey results from S&P Global showed on Monday. The manufacturing Purchasing Managers' Index rose to 47.3 in May from 45.7 in April. The flash estimate was 47.4.
RTTNews | 6h 7min ago
Bay Street Likely To Open Slightly Higher

Bay Street Likely To Open Slightly Higher

The Canadian market may open with a positive bias Monday morning, but the upside is likely to be limited as investors await the Bank of Canada's interest rate decision this week.
RTTNews | 6h 15min ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Outlook Indicator
Reviews
Brokers
Crypto Exchanges
Expert Advisors
Signal Providers
VPS Services
EA Programming
PAMM Brokers
Rebate Programs
Trading Platforms
Prop Trading Firms
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Broker News
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2024 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.