FTSE 100 Slides On Growth Worries

RTTNews | 870 hari yang lalu
FTSE 100 Slides On Growth Worries

(RTTNews) - U.K. stocks were moving lower on Tuesday amid worries about rising inflation and its impact on economic growth.

U.K. economic activity slowed slightly in August as manufacturers were pummeled by weaker demand, but the services sector held up better than expected, survey data showed earlier today.

The S&P Global/CIPS Purchasing Managers' Index (PMI) composite flash estimate dropped to an 18-monht low of 50.9 in August from 52.1 in July.

The benchmark FTSE 100 was down 30 points, or 0.4 percent, at 7,503 after closing 0.2 percent lower on Monday.

BT group shares rose about 2 percent after the government allowed French billionaire Patrick Drahi to retain his stake in the telecoms group.

John Wood Group tumbled 3.3 percent. After reporting a wider pretax loss for the first half of 2022, the engineering services firm said it expects performance to improve in the second half.

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Japanese Market Notably Lower

Japanese Market Notably Lower

Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The Nikkei 225 is falling well below the 39,300 level, with weakness across most sectors led by index heavyweights and financial stocks. Technology stocks are the only bright spot.
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Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Friday, extending the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
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The China stock market on Thursday wrote a finish to the two-day winning streak in which it had improved almost 25 points or 0.8 percent. The Shanghai Composite Index now sits just above the 3,210-point plateau although it may tock back to the upside on Friday.
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