FTSE 100 Slides As Earnings Disappoint

RTTNews | 818天前
FTSE 100 Slides As Earnings Disappoint

(RTTNews) - U.K. stocks fell on Wednesday as mixed earnings updates offset investor optimism over Rishi Sunak pledging to lead the country out of an economic crisis.

The benchmark FTSE 100 dropped 39 points, or 0.6 percent, to 6,975 after ending marginally lower on Tuesday.

WPP tumbled 3.7 percent after the world's largest advertising group downgraded its annual margin guidance and warned of possible economic headwinds.

Consumer goods company Reckitt Benckiser lost 4.5 percent after reporting a decline in sales volumes in the third quarter.

Lender Barclays dropped 1.3 percent despite reporting better-than-expected profit in the third quarter.

Precious metals mining firm Fresnillo jumped 2.7 percent after posting solid quarterly production figures and backing its 2022 production guidance.

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Singapore Stock Market Likely To Halt Losing Streak

Singapore Stock Market Likely To Halt Losing Streak

The Singapore stock market has ticked lower in two straight sessions, slipping more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just shy of the 3,800-point plateau and it's due for support on Wednesday.
RTTNews | 5小時23分鐘前
Malaysia Stock Market Poised To Add To Its Winnings

Malaysia Stock Market Poised To Add To Its Winnings

The Malaysia stock market has tracked higher in three straight trading days, improving almost 25 points or 1.7 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | 5小時53分鐘前
Additional Support Tipped For Japan Stock Market

Additional Support Tipped For Japan Stock Market

The Japanese stock market has moved higher in two straight sessions, gathering more than 575 points or 1.4 percent in that span. The Nikkei 225 now rests just above the 39,025-point plateau and it's expected to extend its gains again on Wednesday.
RTTNews | 6小時7分鐘前
South Korea Shares Due For Support On Wednesday

South Korea Shares Due For Support On Wednesday

The South Korea stock market has finished lower in three straight sessions, easing almost 10 points or 0.4 percent along the way. The KOSPI now rests just beneath the 2,520-point plateau although it may stop the bleeding on Wednesday.
RTTNews | 6小時17分鐘前
Dollar Declines Against Major Counterparts

Dollar Declines Against Major Counterparts

The U.S. dollar shed ground against most of its major counterparts on Tuesday as bond yields dropped a bit and President Trump chose to refrain from imposing new tariffs on imports from Asian and European countries.
RTTNews | 6小時26分鐘前
Malaysia Rate Decision Due On Wednesday

Malaysia Rate Decision Due On Wednesday

The central bank in Malaysia will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The bank is widely expected to keep its benchmark lending rate unchanged at 3.00 percent.
RTTNews | 6小時53分鐘前
U.S. Stocks Close On Bright Note On Fairly Widespread Buying

U.S. Stocks Close On Bright Note On Fairly Widespread Buying

After a positive start, U.S. stocks largely kept moving higher on Tuesday, and the major averages all ended the day's session on a firm note. A drop in bond yields and optimism about a few interest-rate cuts this year contributed to the positive sentiment in the market.
RTTNews | 7小時25分鐘前