FTSE 100 Gains After Labour Victory

RTTNews | 118 days ago
Stocktwits
FTSE 100 Gains After Labour Victory

(RTTNews) - U.K. stocks traded higher on Friday as the Labour Party secured a landslide victory in the U.K. election to end 14 years of Conservative rule.

The benchmark FTSE 100 was up 24 points, or 0.3 percent, at 8,265 after rising 0.9 percent on Thursday.

Housebuilders traded higher, with Barratt Developments, Persimmon and Taylor Wimpey surging 3-4 percent.

It is likely that the Labour Party victory will see the introduction of the Freedom to Buy scheme to replace the Mortgage Guarantee Scheme.

HSBC Holdings fell 1.4 percent after Bloomberg News reported that French bank BNP Paribas and Swiss lender UBS are showing interest in buying its German wealth-management unit.

Energy company Shell dropped half a percent after providing an update to the second quarter 2024 outlook.

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Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market on Thursday snapped the three-day losing streak in which it had slumped more than 15 points or 1.1 percent. The Stock Exchange of Thailand now sits just above the 1,465-point plateau although it's looking at a soft start on Friday.
RTTNews | 4h 20min ago
Indonesia Shares Likely To Head South Again On Friday

Indonesia Shares Likely To Head South Again On Friday

The Indonesia stock market on Thursday halted the six-day losing streak in which it had stumbled more than 230 points or 3 percent. The Jakarta Composite Index now rests just beneath the 7,575-point plateau although it's expected to see renewed selling pressure on Friday.
RTTNews | 4h 50min ago
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is significantly lower on Friday, extending the losses in the previous two sessions, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is falling to near the 8,100 level, with weakness across most sectors led by mining, financial and technology stocks.
RTTNews | 4h 59min ago
Hong Kong Shares May Take Further Damage On Friday

Hong Kong Shares May Take Further Damage On Friday

The Hong Kong stock market has moved lower in two straight sessions, retreating more than 380 points or 1.8 percent along the way. The Hang Seng Index now sits just beneath the 20,320-point plateau and it's expected to open in the red again on Friday.
RTTNews | 5h 5min ago
Renewed Consolidation Anticipated For China Stock Market

Renewed Consolidation Anticipated For China Stock Market

The China stock market on Thursday ended the two-day slide in which it had fallen more than 55 points or 1.7 percent. The Shanghai Composite now sits just beneath the 3,280-point plateau although it's expected to turn lower again on Friday.
RTTNews | 5h 20min ago
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