FTSE 100 Rises As US Recession Worries Ease

RTTNews | 236天前
FTSE 100 Rises As US Recession Worries Ease

(RTTNews) - U.K. stocks advanced on Friday as positive weekly jobless claims data eased some of worries of a recession in the world's largest economy.

Also, a measure of China's consumer price inflation surged to a five-month high, providing much-need positive news on the world's second-largest economy.

The benchmark FTSE 100 was up 55 points, or 0.7 percent, at 8,201 after declining 0.3 percent on Thursday.

Revolution Bars Group soared more than 16 percent. The troubled bar firm has secured a High Court's judge approval for its restructuring plan.

Bellway rallied nearly 3 percent. The housebuilder expects to return to growth in fiscal 2025 if market conditions remain stable.

Hargreaves Lansdown climbed 2.3 percent. The investment platform has agreed to a 5.44 billion-pound ($6.94 billion) takeover by a consortium backed by private equity firm CVC Capital Partners.

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Steady Start Eyed For China Stock Market

Steady Start Eyed For China Stock Market

The China stock market has moved higher in two straight sessions, collecting almost 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,350-point plateau and it's likely to remain in that neighborhood again on Thursday.
RTTNews | 4小時5分鐘前
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian market is trading sharply lower on Thursday, giving up the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,800 level, with weakness across most sectors led by iron ore miners and technology stocks. Gold miners were the only bright spot.
RTTNews | 4小時12分鐘前
Losing Streak May Continue For Singapore Stock Market

Losing Streak May Continue For Singapore Stock Market

The Singapore stock market has tracked lower in three straight sessions, slumping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 3,950-point plateau and it may take further damage again on Thursday.
RTTNews | 4小時35分鐘前
Renewed Consolidation Called For Malaysia Shares

Renewed Consolidation Called For Malaysia Shares

The Malaysia stock market bounced higher again on Wednesday, one session after ending the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it figures to head south again on Thursday.
RTTNews | 5小時5分鐘前
Japan Shares May Be Stuck In Neutral On Thursday

Japan Shares May Be Stuck In Neutral On Thursday

The Japanese stock market has moved higher in back-to-back sessions, collecting almost 110 points or 0.3 percent along the way. The Nikkei 225 now rests just above the 35,725-point plateau although the rally may stall on Thursday.
RTTNews | 5小時35分鐘前
Exporters Likely To Weigh On South Korea Shares

Exporters Likely To Weigh On South Korea Shares

The South Korea stock market headed south again on Wednesday, one day after ending the three-day losing streak in which it had stumbled more than 160 points or 6.4 percent. The KOSPI now rests just above the 2,500-point plateau and it may take further damage on Thursday.
RTTNews | 6小時5分鐘前
Australia Trade Data Due On Thursday

Australia Trade Data Due On Thursday

Australia will on Thursday release February figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 7小時5分鐘前