FTSE 100 Modestly Higher Ahead Of Budget
(RTTNews) - U.K. stocks were seeing modest gains in cautious trade on Tuesday ahead of the budget announcement due on Wednesday.
Analysts expect the Autumn Budget to introduce key fiscal reforms, including tax changes and wage adjustments that could significantly impact the industry landscape.
The benchmark FTSE 100 was up 27 points, or 0.3 percent, at 8,312 after rising half a percent on Monday.
HSBC shares surged more than 4 percent after the Asia-focused bank reported stronger-than-expected third-quarter earnings and announced a hefty $3 billion buyback.
Energy giant BP Plc dropped 1 percent as it reported lower profit and cash flow from a year ago, weighed down by a drop in refining profits and weaker oil trading.
read more
Australian Market Notably Lower
Reversing some of the gains in the previous two sessions, the Australian stock market is trading notably lower on Tuesday after opening in the green, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is retracting from all-time highs and falling below the 8,400 level, with weakness in financial and energy stocks amid tumbling crude oil prices.
RTTNews
|
5h 16min ago
Win Streak May Continue For Indonesia Stock Market
The Indonesia stock market has climbed higher in consecutive trading days, rallying almost 175 points or 2.5 percent along the way. The Jakarta Composite Index now rests just beneath the 7,315-point plateau and it's poised to extend its gains again on Tuesday.
RTTNews
|
5h 27min ago
Hang Seng Expected To Halt Losing Streak
The Hong Kong stock market has moved lower in three straight sessions, dropping more than 550 points or 3 percent along the way. The Hang Seng Index now sits just above the 19,150-point plateau although it may find traction on Tuesday.
RTTNews
|
5h 42min ago
China Bourse Set To End Losing Streak
The China stock market has moved lower in back-to-back sessions, slipping just 6 points or 0.2 percent in that span. The Shanghai Composite now sits just beneath the 3,265-point plateau although it may stop the bleeding on Tuesday.
RTTNews
|
5h 57min ago
Higher Open Expected For Taiwan Stock Market
The Taiwan stock market has climbed higher in back-to-back sessions, advancing almost 400 points or 1.8 percent along the way. The Taiwan Stock Exchange now rests just beneath the 22,950-point plateau and it may see additional support on Tuesday.
RTTNews
|
6h 27min ago
Rebound Predicted For Singapore Stock Market
The Singapore stock market headed south again on Monday, one session after ending the two-day slide in which it had slipped almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,730-point plateau and it's expected to bounce higher again on Tuesday.
RTTNews
|
6h 57min ago
Japan Producer Prices Climb 2.9% On Year In October
Producer prices in Japan were up 2.9 percent on year in October, the Bank of Japan said on Tuesday.
RTTNews
|
7h 5min ago
Continued Support Predicted For Malaysia Shares
The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 10 points or 0.7 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,600-point plateau and it may add to its winnings again on Tuesday.
RTTNews
|
7h 27min ago
