FTSE 100 Gains After Labour Victory

RTTNews | 118 dni temu
FTSE 100 Gains After Labour Victory

(RTTNews) - U.K. stocks traded higher on Friday as the Labour Party secured a landslide victory in the U.K. election to end 14 years of Conservative rule.

The benchmark FTSE 100 was up 24 points, or 0.3 percent, at 8,265 after rising 0.9 percent on Thursday.

Housebuilders traded higher, with Barratt Developments, Persimmon and Taylor Wimpey surging 3-4 percent.

It is likely that the Labour Party victory will see the introduction of the Freedom to Buy scheme to replace the Mortgage Guarantee Scheme.

HSBC Holdings fell 1.4 percent after Bloomberg News reported that French bank BNP Paribas and Swiss lender UBS are showing interest in buying its German wealth-management unit.

Energy company Shell dropped half a percent after providing an update to the second quarter 2024 outlook.

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China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

China's manufacturing activity returned to growth in October as companies ramped up production and purchasing to meet higher demand amid improving confidence, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers' Index rose to 50.3 in October from 49.3 in September. A reading above the neutral mark of 50.0 indicates expansion.
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Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

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Indian Markets Closed For Diwali

Indian Markets Closed For Diwali

Indian markets remain closed today on account of Diwali. However, there will be a special one-hour Muhurat trading session between 6.00 pm and 7.00 pm.
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Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

Extending the losses in the previous session, the Japanese stock market is sharply lower on Friday, following the negative cues from global markets overnight. The benchmark Nikkei 225 is falling more than 2 percent to just above the 38,200 level, with weakness across most sectors led by index heavyweights and technology stocks after the BoJ kept rates steady and warned of high uncertainties.
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Lower Open Called For Thai Stock Market

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Indonesia Shares Likely To Head South Again On Friday

Indonesia Shares Likely To Head South Again On Friday

The Indonesia stock market on Thursday halted the six-day losing streak in which it had stumbled more than 230 points or 3 percent. The Jakarta Composite Index now rests just beneath the 7,575-point plateau although it's expected to see renewed selling pressure on Friday.
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Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is significantly lower on Friday, extending the losses in the previous two sessions, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is falling to near the 8,100 level, with weakness across most sectors led by mining, financial and technology stocks.
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Hong Kong Shares May Take Further Damage On Friday

Hong Kong Shares May Take Further Damage On Friday

The Hong Kong stock market has moved lower in two straight sessions, retreating more than 380 points or 1.8 percent along the way. The Hang Seng Index now sits just beneath the 20,320-point plateau and it's expected to open in the red again on Friday.
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