FTSE 100 Slips On China COVID Concerns

RTTNews | 776 days ago
FTSE 100 Slips On China COVID Concerns

(RTTNews) - U.K. stocks edged lower on Tuesday amid lingering worries about the COVID-19 situation in China.

Due to the size of the Chinese economy, analysts say that the recent surge in virus cases in the country after a sudden policy shift will have an adverse impact on the global economy in the short term.

The benchmark FTSE 100 dipped 12 points, or 0.2 percent, to 7,347 after rising 0.4 percent the previous day.

Miners traded mixed, with Antofagasta and Glencore rising around half a percent after China's central bank kept benchmark lending interest rates unchanged for the fourth consecutive month.

Bunzl slipped half a percent after the company sold its U.K. healthcare division and bought four new businesses in a series of deals.

Oilfield services provider Petrofac lost 10 percent after flagging an annual operating loss.

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Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets a sea of green on Tuesday, despite the negative cues from Wall Street overnight, as traders react positively to US President Donald Trump's latest decision to delay imposing planned tariffs on Mexico and Canada after successful negotiations with the respective leaders. The tariffs could have renewed inflation fears, leading the US Fed to keep interest rates on hold for longer.
RTTNews | 5h 32min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its gains in mid-market trading on Tuesday, reversing the losses in the previous session, despite the negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is above the 8,400 level, with gains across most sectors led by mining and technology stocks, after US President Donald Trump delayed the imposition of tariffs on major U.S. trading partners.
RTTNews | 6h 11min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Tuesday, reversing the sharp losses in the previous session, despite the negative cues from Wall Street overnight, with the Nikkei 225 moving above the 39,100 level, with gains across most sectors led by index heavyweights and technology stocks, after US President Donald Trump's delayed the imposition of tariffs on major U.S. trading partners.
RTTNews | 6h 37min ago
Thai Bourse May Give Up Support At 1,300 Points

Thai Bourse May Give Up Support At 1,300 Points

The Thai stock market has finished lower in four straight sessions, sinking more than 40 points or 3 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,305-point plateau and it's likely to open under pressure again on Tuesday.
RTTNews | 6h 46min ago
Indonesia Shares Tipped To Open Under Pressure On Tuesday

Indonesia Shares Tipped To Open Under Pressure On Tuesday

The Indonesia stock market turned lower again on Monday, one session after snapping the three-day losing streak in which it had stumbled more than 180 points or 2.6 percent. The Jakarta Composite Index now sits just above the 7,030-point plateau and it may take further damage on Tuesday.
RTTNews | 7h 16min ago
Losses May Accelerate For Hong Kong Stock Market

Losses May Accelerate For Hong Kong Stock Market

The Hong Kong stock market on Monday wrote a finish to the three-day winning streak in which it had advanced almost 525 points or 2.6 percent. The Hang Seng Index now rests just above the 20,215-point plateau although it's expected to open to the downside on Tuesday.
RTTNews | 7h 46min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Tuesday, reversing the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains across most sectors led by mining and technology stocks, after US President Donald Trump's delayed the imposition of tariffs on major U.S. trading partners.
RTTNews | 7h 46min ago