FTSE 100 Modestly Higher As China Calls New Press Briefing

RTTNews | 98 days ago
Stocktwits
FTSE 100 Modestly Higher As China Calls New Press Briefing

(RTTNews) - U.K. stocks eked out modest gains on Wednesday after reports emerged that China's finance ministry will convene a press conference on Saturday to introduce work on strengthening countercyclical adjustments of fiscal policy and promoting economic development.

The benchmark FTSE 100 was up 29 points, or 0.4 percent, at 8,220 after falling 1.4 percent on Tuesday.

Mondi, a packaging and paper group, jumped 3.3 percent after it agreed to acquire the Western European packaging assets of Schumacher Packaging for an enterprise value of 634 million euros.

CMC Markets surged nearly 5 percent. The provider of online financial trading and B2B institutional solutions reported that it expects a profit before tax in its first half, compared to last year's loss, with higher operating income.

Rio Tinto dropped half a percent after the mining giant announced a definitive agreement to acquire Arcadium in an all-cash deal for $5.85 per share, valuing Arcadium's share capital at approximately $6.7 billion.

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Australian Market Trims Early Strong Gains In Mid-market

Australian Market Trims Early Strong Gains In Mid-market

The Australian stock market slightly trims early strong gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains is gold miners, technology and financial stocks.
RTTNews | 5h 18min ago
Thai Shares Tipped To Open In The Green

Thai Shares Tipped To Open In The Green

The Thai stock market on Wednesday ended the two-day losing streak in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,350-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 6h 1min ago
Indonesia Stock Market May Add To Its Winnings

Indonesia Stock Market May Add To Its Winnings

The Indonesia stock market on Wednesday ended the two-day slide in which it had slumped more than 130 points or 1.8 percent. The Jakarta Composite Index now sits just beneath the 7,080-point plateau and it may extend its gains on Thursday.
RTTNews | 6h 31min ago
Further Upside Seen For Hong Kong Stock Market

Further Upside Seen For Hong Kong Stock Market

The Hong Kong stock market has moved higher in consecutive trading days, collecting more than 400 points or 2.1 percent along the way. The Hang Seng Index now sits just beneath the 19,300-point plateau and it may add to its winnings on Thursday.
RTTNews | 6h 46min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is significantly higher on Thursday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,700 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | 6h 49min ago
Rebound Predicted For China Stock Market

Rebound Predicted For China Stock Market

The China stock market turned lower again on Wednesday, one day after snapping the three-day losing streak in which it had retreated almost 70 points or 2.3 percent. The Shanghai Composite Index now sits just above the 3,225-point plateau although it's likely to move back to the upside on Thursday.
RTTNews | 7h 1min ago
Australian Market Sharply Higher

Australian Market Sharply Higher

The Australian stock market is trading sharply higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains across most sectors led by technology and financial stocks.
RTTNews | 7h 8min ago
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