FTSE 100 Modestly Higher Ahead Of Budget
(RTTNews) - U.K. stocks were seeing modest gains in cautious trade on Tuesday ahead of the budget announcement due on Wednesday.
Analysts expect the Autumn Budget to introduce key fiscal reforms, including tax changes and wage adjustments that could significantly impact the industry landscape.
The benchmark FTSE 100 was up 27 points, or 0.3 percent, at 8,312 after rising half a percent on Monday.
HSBC shares surged more than 4 percent after the Asia-focused bank reported stronger-than-expected third-quarter earnings and announced a hefty $3 billion buyback.
Energy giant BP Plc dropped 1 percent as it reported lower profit and cash flow from a year ago, weighed down by a drop in refining profits and weaker oil trading.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, after s US President-elect Donald Trump announced a 10 percent additional tariff on all Chinese goods and a 25 percent tariff on imports from Mexico and Canada, raising concerns over global trade tensions. Asian markets closed mostly higher on Monday.
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5j 58min yang lalu
Sensex, Nifty Set For Weak Start
Indian shares look set to open on a weak note Tuesday after two days of strong gains. That said, a sharp fall in oil prices may help limit the downside.
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6j 29min yang lalu
Japanese Market Significantly Lower
The Japanese stock market is significantly lower on Tuesday, reversing the gains in the previous two sessions, with the Nikkei 225 falling a tad below the 38,300 level, despite the broadly positive cues from Wall Street overnight, with weakness across most sectors led by index heavyweights, technology and financial stocks.
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6j 54min yang lalu
Thai Shares Called Rangebound Again On Tuesday
The Thai stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had gathered more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,445-point plateau and it's expected to bounce higher again on Tuesday.
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7j 13min yang lalu
Australian Market Notably Lower
Reversing some of the gains in the previous two sessions, the Australian stock market is trading notably lower on Tuesday after opening in the green, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is retracting from all-time highs and falling below the 8,400 level, with weakness in financial and energy stocks amid tumbling crude oil prices.
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7j 32min yang lalu
Win Streak May Continue For Indonesia Stock Market
The Indonesia stock market has climbed higher in consecutive trading days, rallying almost 175 points or 2.5 percent along the way. The Jakarta Composite Index now rests just beneath the 7,315-point plateau and it's poised to extend its gains again on Tuesday.
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7j 43min yang lalu
Hang Seng Expected To Halt Losing Streak
The Hong Kong stock market has moved lower in three straight sessions, dropping more than 550 points or 3 percent along the way. The Hang Seng Index now sits just above the 19,150-point plateau although it may find traction on Tuesday.
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7j 58min yang lalu
China Bourse Set To End Losing Streak
The China stock market has moved lower in back-to-back sessions, slipping just 6 points or 0.2 percent in that span. The Shanghai Composite now sits just beneath the 3,265-point plateau although it may stop the bleeding on Tuesday.
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8j 13min yang lalu
