FTSE 100 Retreats On Growth Worries; Energy Stocks Worst Hit

RTTNews | 805 days ago
FTSE 100 Retreats On Growth Worries; Energy Stocks Worst Hit

(RTTNews) - U.K. stocks slipped into the red on Thursday as recession fears gripped financial markets and offset recent optimism surrounding China's reopening.

The benchmark FTSE 100 was down 45 points, or 0.6 percent, at 7,784 after declining 0.3 percent the previous day.

Oil & gas firm BP Plc fell 2.2 percent and Shell lost 1.8 percent as crude prices extended losses on the back of weak U.S. economic data and a surprise build in U.S. crude stocks.

Harbour Energy tumbled 3 percent as it launched a review of its U.K. operations and cut its 2023 spending plan.

Events-and academic publishing group Informa advanced 1.7 percent after saying that it expects to report higher revenue and adjusted operating profit for 2022.

Melrose Industries dropped 1 percent. The company said the aerospace business of the former GKN traded in line with expectations in 2022.

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More Pain Predicted For Japan Stock Market

More Pain Predicted For Japan Stock Market

The Japanese stock market on Thursday ended the two-day winning streak in which it had picked up almost 110 points or 0.3 percent. The Nikkei 225 now rests just above the 34,735-point plateau and it may take further damage on Friday.
RTTNews | 4h 2min ago
South Korea Stock Market May Extend Losing Streak

South Korea Stock Market May Extend Losing Streak

The South Korea stock market has moved lower in two straight sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,485-point plateau and it's likely to open under pressure again on Friday.
RTTNews | 4h 32min ago
Swiss Market Ends Sharply Lower On Tariff Woes

Swiss Market Ends Sharply Lower On Tariff Woes

Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
RTTNews | 10h 14min ago
Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian stocks are deep down in the red on Thursday, hurt by U.S. President Donald Trump's sweeping tariff announcement that is likely to trigger a global trade war, which could push up inflation and hinder economic growth. The benchmark S&P/TSX Composite Index, which crashed to 24,429.24, losing about 880 points, was down 737.43 points or 2.91% at 24,569.75 a little while ago.
RTTNews | 11h 26min ago
U.S. Services Index Drops To Nine-Month Low In March

U.S. Services Index Drops To Nine-Month Low In March

U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
RTTNews | 13h 12min ago