FTSE 100 Pares Early Gains

RTTNews | 824 days ago
Stocktwits
FTSE 100 Pares Early Gains

(RTTNews) - U.K. stocks were off their day's highs on Tuesday and bond yields started to rise again after the Bank of England disputed a report that it will further delay its quantitative tightening program.

The benchmark FTSE 100 was up 0.6 percent at 6,958 after closing 0.9 percent higher on Monday.

Shares of Lookers Plc surged 6.5 percent after the automotive retail and service group said it now expects underlying profit before tax for 2022 to be ahead of its previous expectations following strong trading in its third quarter.

Rio Tinto dropped 1 percent after the mining giant projected annual iron ore shipments at the lower end of its forecast.

Housebuilders declined, with Bellway falling 1.2 percent after it warned of a potentially shrinking market.

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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the positive cues from Wall Street on Friday, on renewed optimism about the outlook for interest rates. Traders are also cautious and reluctant to make more significant moves ahead of the inauguration of US President-elect Donald Trump amid speculations on the potential impact of his policies. Asian markets closed mixed on Friday.
RTTNews | 5h 41min ago
Australian Market Halves Early Gains In Mid-market

Australian Market Halves Early Gains In Mid-market

The Australian stock market halved its early gains in mid-market trading on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by energy and technology stocks. Gold miners are the only weak spot.
RTTNews | 6h 9min ago
Thai Bourse Likely To End Losing Streak

Thai Bourse Likely To End Losing Streak

The Thai stock market has ticked lower in two straight sessions, slipping more than a dozen points or 0.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,340-point plateau although it may stop the bleeding on Monday.
RTTNews | 6h 53min ago
Win Streak May Continue For Indonesia Stock Market

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, improving almost 200 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,150-point plateau and it's expected to add to its winnings again on Monday.
RTTNews | 7h 23min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is significantly higher on Monday, reversing the losses in the previous session, with the Nikkei 225 moving up to near the 38,900 level, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 7h 33min ago
Hong Kong Shares May Challenge 20,000-Point Level

Hong Kong Shares May Challenge 20,000-Point Level

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,580-point plateau and it's got another green light for Monday's trade.
RTTNews | 7h 38min ago
China Stock Market Poised To Add To Its Winnings

China Stock Market Poised To Add To Its Winnings

The China stock market has moved higher in two straight sessions, collecting almost 15 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 3,240-point plateau and it's likely to see further upside again on Monday.
RTTNews | 7h 53min ago
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