FTSE 100 Drifts Lower On China Concerns

RTTNews | 768 days ago
Stocktwits
FTSE 100 Drifts Lower On China Concerns

(RTTNews) - U.K stocks edged lower on the last trading session of the year amid concerns over the Federal Reserve's hawkish outlook and fears of a new variant emerging from China's latest COVID outbreak.

The benchmark FTSE 100 was down 15 points, or 0.20 percent, at 7,498 but was on track for a 1 percent gain this year.

Markets will see a shortened trading session today and will remain closed on Monday for the New Year holiday.

In economic releases, U.K. house price inflation slowed markedly at the end of the year as the rising interest rates and high inflation started to dampen the affordability of home buyers, data from the mortgage lender Nationwide showed earlier today.

House prices were 2.8 percent higher than in December 2021. This was slower than November's 4.4 percent increase, but faster than economists' forecast of 2.3 percent.

On a monthly basis, house prices dropped at a slower pace of 0.1 percent after a 1.4 percent decrease in November.

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Indonesia GDP Expands 5% In 2024

Indonesia GDP Expands 5% In 2024

Indonesia's economy expanded almost at a steady pace in 2024 but far behind President Prabowo Subianto's ambitious goal of 8 percent, official data revealed Wednesday. In 2024, Southeast Asia's largest economy advanced 5.03 percent, slightly slower than the 5.05 percent growth in 2023, Statistics Indonesia reported.
RTTNews | 5h 38min ago
European Economic News Preview: Eurozone Composite PMI Data Due

European Economic News Preview: Eurozone Composite PMI Data Due

The final composite Purchasing Managers' survey results from the euro area and the UK are due on Wednesday, headlining a busy day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes industrial production data for December. Output is forecast to fall 0.1 percent on month, reversing a 0.2 percent fall in November.
RTTNews | 6h 43min ago
China Services Activity Growth Softens In January

China Services Activity Growth Softens In January

China's services activity continued to expand in January but the growth softened amid slowing new business growth and job shedding, survey results from S&P Global revealed on Wednesday. The Caixin services Purchasing Managers' Index posted 51.0 in January, down from 52.2 in December. The reading was forecast to edge up to 52.3. The score has remained above 50.0 signalling expansion since January.
RTTNews | 7h 19min ago
Sensex, Nifty Pause After Strong Rally

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Indian shares were little changed on Wednesday after rallying sharply the previous day on easing tariff concerns and expectations of a rate cut by the RBI later this week.
RTTNews | 9h 15min ago
Asian Markets Trade Mixed Amid Tariff Worries

Asian Markets Trade Mixed Amid Tariff Worries

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders are cautious and are concerns about a global trade war after President Donald Trump decided to impose tariffs on imports from China, Mexico and Canada, with the trading partners retaliating with counter tariffs. Asian markets closed mostly higher on Tuesday.
RTTNews | 10h 22min ago
Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market trading on Wednesday, and extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains across most sectors led by mining and energy stocks.
RTTNews | 10h 55min ago
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