FTSE 100 Rises As Services PMI Improves

RTTNews | 200 दिनों पहले
FTSE 100 Rises As Services PMI Improves

(RTTNews) - U.K. stocks rose on Friday after a closely watched survey showed the British economy is "pulling further out of last year's shallow recession" as the dominant services sector grew at its fastest pace in nearly a year.

The S&P Global UK Services PMI - considered a key measure of activity - rose in April to 55.0, its highest level since May 2023 and marking a sixth consecutive month of growth. That was up from a preliminary reading of 54.9 and higher than March's 53.1.

The benchmark FTSE 100 was up 30 points, or 0.4 percent, at 8,202 after gaining 0.6 percent the previous day on the back of strong earnings.

Anglo American jumped more than 3 percent after reports that commodities group Glencore was considering a rival bid for the mining giant.

Trainline, which runs a digital platform for buying rail and bus tickets, soared 8 percent after annual earnings rose and the company announced it would start buying back more shares over the course of 12 months.

Publishing company Future rallied 2.7 percent after appointing Sharjeel Suleman as its CFO.

read more
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

After spending a few minutes in positive territory in early trades on Tuesday, the Switzerland market retreated and spent the rest of the day's session in the red, as geopolitical tensions, interest rate uncertainty and concerns about the outlook for global economic growth rendered the mood bearish.
RTTNews | 7घंटे 14 मिनट पहले
Canadian Dollar Climbs As Inflation Accelerates

Canadian Dollar Climbs As Inflation Accelerates

The Canadian dollar strengthened against its major counterparts in the New York session on Tuesday, following the release of hotter-than-expected inflation data for October.
RTTNews | 7घंटे 28 मिनट पहले
European Stocks Close Weak On Geopolitical Concerns, Growth Worries

European Stocks Close Weak On Geopolitical Concerns, Growth Worries

European stocks closed weak on Tuesday amid an escalation in Russia - Ukraine war and concerns about the outlook for global economic growth rendered the mood bearish. Investors moved away from riskier assets after Russian President Vladimir Putin updated nuclear doctrine.
RTTNews | 7घंटे 38 मिनट पहले
Canadian Market Recovers Well After Early Setback

Canadian Market Recovers Well After Early Setback

The Canadian market, which slid in early trades Tuesday morning on hot inflation data, and rising geopolitical concerns following an escalation in Russia - Ukraine war, recovered lost ground subsequently with a few frontline stocks finding some solid support at lower levels.
RTTNews | 8घंटे 25 मिनट पहले
U.S. Housing Starts Tumble 3.1% In October, More Than Expected

U.S. Housing Starts Tumble 3.1% In October, More Than Expected

New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of 1.353 million in September.
RTTNews | 11घंटे 1 मिनट पहले
Eurozone Inflation Rises To 2% As Estimated

Eurozone Inflation Rises To 2% As Estimated

Eurozone inflation returned to the 2 percent target in October, final data from Eurostat showed on Tuesday. The harmonized index of consumer prices climbed as initially estimated in October after rising 1.7 percent in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, remained unchanged at 2.7 percent in October.
RTTNews | 12घंटे 18 मिनट पहले