FTSE 100 Declines As China Ramps Up Lockdowns
(RTTNews) - U.K. stocks fell on Friday as lower commodity prices weighed on the mining sector.
The benchmark FTSE 100 was down 50 points, or 0.7 percent, at 7,024 after gaining 0.3 percent in the previous session.
Anglo American, Antofagasta and Glencore fell 2-3 percent as commodity prices dropped on worries about China's expanding COVID-19 restrictions.
Oil & gas company BP Plc declined 1.2 percent and Shell was little changed as oil prices remained on track for a 3 percent weekly gain on supply concerns.
NatWest plunged 8 percent as the high street lender missed estimates for profit in the third quarter amid increased impairment provisions.
British Airways owner IAG lost about 3 percent despite revenue exceeding pre-pandemic levels.
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Yen Falls As Asian Stock Markets Traded Higher
The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Asian stock markets traded higher following the broadly positive cues from global markets overnight, as optimism about a few interest rate cuts by the U.S. Fed this year, and a drop in global bond yields. Markets in China and Hong Kong were down as the U.S. administration was discussing a 10 tariff against China and said tariffs on China could hinge on a deal over TikTok's ownership.
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European Economic News Preview: UK Public Sector Finance Data Due
Public sector finance from the UK is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK government borrowing data for December. The budget deficit is forecast to widen to GBP 13.7 billion from GBP 11.25 billion in November.
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5h 44min ago
European Shares Seen Higher As Netflix Reports Record Subscriber Growth
European stocks may open on a firm note Wednesday, with technology stocks likely to be in focus after Netflix Inc. reported its biggest quarterly subscriber gain in history and Trump announced a joint venture with OpenAI, Oracle and Softbank to invest billions of dollars in artificial intelligence infrastructure in the United States.
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6h 30min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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6h 39min ago
Sensex, Nifty Rebound In Cautious Trade
Indian shares eked out modest gains in cautious trade on Wednesday after suffering heavy losses in the previous session on concerns over Trump's tariff stance, weak corporate earnings and continues foreign fund outflows.
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7h 33min ago
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Wednesday, following the positive cues from global markets overnight, as optimism about a few interest rate cuts by the US Fed this year, and a drop in global bond yields. Markets in China and Hong Kong were down as the US administration was discussing a 10 tariff against China and said tariffs on China could hinge on a deal over TikTok's ownership.
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8h 51min ago
Australian Market Trims Gains In Mid-market
The Australian stock market is trimming its gains in mid-market trading on Wednesday, but extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 8,400 level, following the broadly positive cues from global markets overnight, with gains in financial and technology stocks.
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9h 20min ago
Sensex, Nifty Seen Higher At Open On Firm Global Cues
Indian shares look set to open higher on Wednesday, tracking firm cues from global markets.
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9h 30min ago
