FTSE 100 Rises As GDP Beats Forecasts
(RTTNews) - U.K stocks rose notably on Friday as data showed the British economy unexpectedly grew in November.
GDP grew 0.1 percent in the month as food and drink businesses benefited from the FIFA World Cup.
The benchmark FTSE 100 climbed 47 points, or 0.6 percent, to 7,838 after climbing 0.9 percent in the previous session.
Miners extended recent gains, with Antofagasta and Glencore rising about 2 percent each after China's exports and imports figures came in above forecasts.
Banks Standard Chartered and HSBC Holdings rallied 1-2 percent.
Housebuilder Taylor Wimpey rose half a percent after saying it is planning job cuts to keep a lid on costs.
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Indonesia Stock Market Due For Support On Friday
The Indonesia stock market has finished lower in consecutive trading days, stumbling almost 190 points or 2.8 percent in that span. The Jakarta Composite Index now sits just above the 6,875-point plateau although it may stop the bleeding on Friday.
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5h 4min ago
Japanese Market Notably Lower
Giving up some of the gains in the previous three sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 38,900 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
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5h 8min ago
Hong Kong Shares Tipped To Open To The Upside On Friday
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had advanced almost 525 points or 2.6 percent. The Hang Seng Index now rests just beneath the 20,900-point plateau and it's expected to open in the green again on Friday.
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5h 19min ago
China Shares May Crack 3,300-Point Barrier
The China stock market on Thursday snapped the two-day losing streak in which it had slumped more than 30 points or 1 percent. The Shanghai Composite Index now rests just above the 3,270-point plateau and it may see additional support on Friday.
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5h 34min ago
Australian Market Slightly Higher
The Australian stock market is slightly higher on Friday after opening in the red, extending the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,500 level, with a mixed performance across most sectors. Energy stocks are the only weak spot.
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5h 45min ago
Higher Open Predicted For Taiwan Stock Market
The Taiwan stock market has moved higher in three straight sessions, advancing more than 600 points or 2.7 percent in that span. The Taiwan Stock Exchange now rests just above the 23,315-point plateau and it may strengthen again on Friday.
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6h 4min ago
Singapore Shares Likely To Open To The Upside On Friday
The Singapore stock market on Thursday wrote a finish to the three-day losing streak in which it had slipped almost 40 points or 1.1 percent. The Straits Times Index now sits just above the 3,830-point plateau and it may open in the green again on Friday.
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6h 34min ago
Japan Household Spending Jumps 2.3% In December
The average of household spending in Japan was up 2.3 percent on month in December, the Ministry of Internal Affairs and Communications said on Friday - standing at 352,633 yen.
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6h 56min ago
