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FTSE 100 Gains On US Rate-cut Expectations

RTTNews | il y a 131

FTSE 100 Gains On US Rate-cut Expectations

(RTTNews) - U.K. stocks traded higher on Tuesday after the Dow Jones Industrial Average logged a record close overnight on growing expectations that the Federal Reserve will start cutting interest rates in September to help the economy.

The benchmark FTSE 100 rose 39 points, or half a percent, to 8,367 as trading resumed after a national holiday on Monday.

Miners traded higher, with Antofagasta rising 1.2 percent and Anglo American rallying 2.4 percent as copper prices climbed to their highest levels in nearly six weeks on U.S rate-cut optimism.

Bunzl soared almost 9 percent after the distribution and outsourcing group posted strong earnings and announced a share buyback plan.

Associated British Foods fell 2.7 percent as Deutsche Bank cut its rating on the stock to "sell" from "hold".

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Thai Stock Market May Crack 1,400-Point Barrier

Thai Stock Market May Crack 1,400-Point Barrier

The Thai stock market on Friday snapped the two-day slide in which it had slumped more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,385-point plateau and it's expected to open higher again on Monday.

RTTNews | il y a 5h 6min

Indonesia Bourse May Extend Its Winning Streak

Indonesia Bourse May Extend Its Winning Streak

The Indonesia stock market has moved higher in three straight sessions, collecting almost 130 points or 1.8 percent along the way. The Jakarta Composite Index now sits just above the 7,160-point plateau and it's expected to open to the upside again on Monday.

RTTNews | il y a 5h 36min

Higher Open Anticipated For Hong Kong Stock Market

Higher Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market has tracked higher in two of three trading days since the end of the two-day losing streak in which it had lost more than 55 points or 0.2 percent. The Hang Seng Index now sits just above the 19,760-point plateau and it may see additional support on Monday.

RTTNews | il y a 5h 51min

Bargain Hunting May Lift China Stock Market

Bargain Hunting May Lift China Stock Market

The China stock market has finished lower in three straight sessions, plummeting almost 200 points or 6 percent in that span. The Shanghai Composite Index now sits just above the 3,210-point plateau although its due for support on Monday.

RTTNews | il y a 6h 6min

Hong Kong Private Sector Ebbs In December - S&P Global

Hong Kong Private Sector Ebbs In December - S&P Global

The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.1.

RTTNews | il y a 6h 24min

Singapore Private Sector Slows In December - S&P Global

Singapore Private Sector Slows In December - S&P Global

The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.5.

RTTNews | il y a 6h 26min

Japan Services PMI Climbs To 50.9 In December - Jibun Bank

Japan Services PMI Climbs To 50.9 In December - Jibun Bank

The services sector in Japan continued to expand in December, and at a faster rate, the latest survey from Jibun Bank revealed on Monday with a services PMI score of 50.9.

RTTNews | il y a 6h 31min

Taiwan Bourse May Challenge Resistance At 23,000 Points

Taiwan Bourse May Challenge Resistance At 23,000 Points

The Taiwan stock market on Friday halted the three-day slide in which it had stumbled more than 425 points or 2 percent. The Taiwan Stock Exchange now sits just above the 22,900-point plateau and it's tipped to open in the green again on Monday.

RTTNews | il y a 6h 36min

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