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FTSE 100 Rises As House Price Growth Slows

RTTNews | 8h 16min ago

FTSE 100 Rises As House Price Growth Slows

(RTTNews) - U.K. stocks rose on Friday and the pound was steady as data showed house price inflation in the U.K. eased for the first time in six months in October.

House price growth softened to 2.4 percent in October from 3.2 percent in September, according to the Nationwide Building Society. Economists had expected inflation to fall to 2.8 percent.

On a monthly basis, house prices rose only 0.1 percent, after a 0.6 percent gain in the previous month.

Meanwhile, speaking to Bloomberg's Lizzy Burden, Chancellor of the Exchequer Rachel Reeves said her budget will put the country's public finances on a stable and solid trajectory.

The benchmark FTSE 100 was up 36 points, or half a percent, at 8,146 after rising 0.6 percent on Thursday.

Shares of Solid State, a specialist value-added component supplier, jumped 4.4 percent after the company announced the acquisition of Q-Par Antennas USA LLC for a maximum consideration of up to $2.0 million.

Consumer goods conglomerate Reckitt Benckiser soared nearly 10 percent after it was cleared of liability in a trial regarding its baby formula.

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U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected

U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected

With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October. The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October compared to economist estimates for the addition of 113,000 jobs.

RTTNews | 4h 7min ago

U.S. Employment Inches Up Far Less Than Expected In October

U.S. Employment Inches Up Far Less Than Expected In October

With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October.

RTTNews | 4h 55min ago

Bay Street Likely To Open On Firm Note

Bay Street Likely To Open On Firm Note

Higher crude oil and bullion prices, and strong European stocks points to a firm start for the Canadian market Friday morning. The focus will be on U.S. non-farm payroll data, which is likely to provide some clues about the Federal Reserve's interest rate move next week.

RTTNews | 5h 11min ago

UK Manufacturing Contracts For First Time Since April

UK Manufacturing Contracts For First Time Since April

The UK factory activity contracted for the first time since April as manufacturers adopted a wait-and-see approach on investment and spending ahead of the budget announcement, final data from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index posted 49.9 in October, down from 51.5 in September.

RTTNews | 5h 59min ago

European Shares Gain Before US Jobs Data

European Shares Gain Before US Jobs Data

European stocks traded higher on Friday ahead of the release of U.S. non-farm payroll report later in the day and next week's U.S. presidential election.

RTTNews | 8h 3min ago

CAC 40 Rises As Investors Weigh The US Election Impact

CAC 40 Rises As Investors Weigh The US Election Impact

French stocks traded higher on Friday even as yields on government bonds continued to rise amid inflation concerns and rising odds of a Trump victory in next week's presidential election.

RTTNews | 8h 31min ago

DAX Edges Higher In Cautious Trade Ahead Of US Jobs Data

DAX Edges Higher In Cautious Trade Ahead Of US Jobs Data

German stocks were seeing modest gains in cautious trade on Friday ahead of the release of U.S. non-farm payroll report later in the day and next week's U.S. presidential election.

RTTNews | 8h 43min ago

Asian Shares Retreat Despite Positive China Data

Asian Shares Retreat Despite Positive China Data

Asian stocks ended mostly lower on Friday, even as Hong Kong markets edged up after the release of positive readings on Chinese manufacturing activity and home sales.

RTTNews | 8h 59min ago

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