FTSE 100 Gains Led By Resource Stocks

RTTNews | 23h 15min ago
FTSE 100 Gains Led By Resource Stocks

(RTTNews) - U.K. stocks traded higher on Monday ahead of a busy week, with investors awaiting cues from a U.S. presidential election and interest rate decisions from the Federal Reserve and Bank of England.

The Bank of England meets on Thursday, and a 25-bps rate cut is widely expected. The benchmark FTSE 100 was up 42 points, or half a percent, at 8,219 after closing 0.8 percent higher on Friday.

Resources-linked shares were moving higher on the back of higher commodity prices. Miners Anglo American, Antofagasta and Glencore were up between 0.6 percent and 1.2 percent.

Energy giant BP Plc added 1.3 percent and peer Shell gained 1.2 percent as oil prices rose more than $1 on a decision by OPEC+ to delay by a month plans to increase output.

Burberry jumped nearly 5 percent following reports that Italy's Moncler could be considering making a bid for the luxury firm.

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Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly negative cues from Wall Street overnight, as traders remained cautious and seemed reluctant to make significant moves ahead of the closely contested US presidential election later in the day and the US Fed's upcoming interest rate decision later this week. Asian markets closed mostly higher on Monday.
RTTNews | 5h 17min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is significantly higher in post-holiday trading on Tuesday, reversing the losses in the previous two sessions, with the Nikkei 225 moving above the 38,500 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by exporters and technology stocks.
RTTNews | 5h 55min ago
Sensex, Nifty May See Cautious Start As Oil Prices Climb

Sensex, Nifty May See Cautious Start As Oil Prices Climb

Indian shares may open on a cautious note Tuesday, mirroring weak cues from global markets ahead of major global events taking place all through the week, from the presidential election outcome in the U.S. to the Federal Reserve's commentary on the future trajectory of interest rates.
RTTNews | 5h 59min ago
More Pain Predicted For Thai Stock Market

More Pain Predicted For Thai Stock Market

The Thai stock market has moved lower in consecutive trading days, dipping just over 3 points or 0.2 percent in that span. The Stock Exchange of Thailand now sits just beneath the 1,465-point plateau and it's tipped to open lower again on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.
RTTNews | 6h 27min ago