FTSE 100 Edges Higher In Cautious Trade

RTTNews | 864 days ago
FTSE 100 Edges Higher In Cautious Trade

(RTTNews) - U.K. stocks edged up slightly in cautious trade on Tuesday as traders returned to their desks after a long holiday weekend.

The benchmark FTSE 100 inched up 12 points, or 0.2 percent, to 7.439, with banks and energy majors leading the surge.

Lloyds Banking Group and HSBC Holdings both rose over 2 percent as British two-year government bond yields briefly leapt by as much as 25 basis points to their highest since October 2008.

Oil & gas firm Shell rose about 1 percent after oil prices jumped more than 4 percent on Monday amid speculation over further supply tightness.

AstraZeneca fell 2.2 percent despite the company receiving approval for its Evusheld COVID-19 treatment in Japan.

Bunzl slumped 5 percent. The distribution and outsourcing firm raised its 2022 group operating margin outlook after posting a rise in earnings for the first-half.

read more
Dollar Climbs Higher After Buoyant Jobs Data

Dollar Climbs Higher After Buoyant Jobs Data

The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.
RTTNews | 5h 19min ago
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.
RTTNews | 8h 43min ago
U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.
RTTNews | 8h 57min ago
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.
RTTNews | 10h 9min ago
U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.
RTTNews | 12h 3min ago
U.S. Job Growth Far Exceeds Estimates In December

U.S. Job Growth Far Exceeds Estimates In December

A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to climb by 160,000 jobs.
RTTNews | 12h 45min ago