FTSE 100 Subdued In Cautious Trade

RTTNews | 752 days ago
Stocktwits
FTSE 100 Subdued In Cautious Trade

(RTTNews) - U.K. stocks were slightly lower on Tuesday as weak China data raised concerns about the global economic outlook.

Investors were also reacting to official data showing that the U.K. unemployment rate stabilized at 3.7 percent in three months to November, as expected.

The benchmark FTSE 100 slid 10 points, or 0.1 percent, to 7,850 after closing up 0.2 percent on Monday.

Ocado Retail, a joint venture between Ocado Group and Marks & Spencer Group, slumped nearly 6 percent after saying it expects 'mid-single digits' sales growth for 2023.

Online retail platform THG lot about 3 percent after revenue growth missed its target China-exposed financials HSBC and Prudential were moving lower as China reported its second-lowest annual economic growth in almost 50 years.

Recruitment agency Hays rallied 2.4 percent after posting a rise in its second-quarter net fees.

Stocktwits
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UK Halifax House Prices Rise More Than Forecast

UK Halifax House Prices Rise More Than Forecast

UK house prices grew more than expected in January to hit a record high as buyer demand increased ahead of the stamp duty increase in April, mortgage lender Halifax said Friday. House prices increased 0.7 percent in January from December, reversing a 0.2 percent drop in the previous month. The monthly growth was also faster than economists' forecast of 0.4 percent.
RTTNews | 5h 53min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.
RTTNews | 7h 44min ago
European Economic News Preview: Germany Industrial Output, Foreign Trade Due

European Economic News Preview: Germany Industrial Output, Foreign Trade Due

Industrial production and foreign trade from Germany and house prices from the UK are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany's industrial output and external trade figures. Economists forecast industrial output to fall 0.7 percent on month in December, in contrast to the 1.5 percent rise in November.
RTTNews | 7h 45min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian markets are mostly higher on Friday, following the mixed from Wall Street overnight, as traders seemed cautious and reluctant to make significant moves ahead of the release of the closely watched monthly US jobs report later in the day for cues on the outlook for interest rates. They also await US President Donald Trump's next move on trade curbs ahead of China's tariff deadline next week.
RTTNews | 10h 18min ago
Australian Market Treads Back In To The Red In Mid-market

Australian Market Treads Back In To The Red In Mid-market

The Australian stock market is slightly lower in choppy trading in mid-market moves on Friday after opening in the red and briefly moving in to the green, snapping the three-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,500 level, with a mixed performance across most sectors. Energy stocks are the only weak spot.
RTTNews | 10h 48min ago
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