FTSE 100 Rises Despite Tesco's Inflation Warning

RTTNews | 1019 dias atrás
FTSE 100 Rises Despite Tesco's Inflation Warning

(RTTNews) - U.K. stocks advanced on Friday, a day after the Bank of England stuck to its gradual increases in interest rates and said it was ready to act "forcefully" to stamp out dangers posed by rising inflationary pressures.

The benchmark FTSE 100 rose 62 points, or 0.9 percent, to 7,107 after plunging 3.1 percent on Thursday.

Tesco shares were little changed. The retailer said it was seeing early indications of changing customer behavior due to pressure on households from soaring inflation.

Miner and trader Glencore rallied 2.4 percent after saying it was on track for a record full-year performance.

Media firm Future surged 6.2 percent after it has made an "encouraging start" to the second half, supported by a return to audience growth.

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Asian Markets Trade Mostly Higher

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Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as traders remain cautious as uncertainty prevails over the size and the scope of new reciprocal tariffs on imports to the US to be announced later in the day. Some traders also continue to pick up stocks at a bargain after heavy selling in the previous sessions.
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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

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RTTNews | 6 h 15 min atrás
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday after opening in the green, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 35,500 level, with weakness in exporters, automakers and financial stocks partially offset by gains in technology stocks.
RTTNews | 7 h 44 min atrás
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving well above the 7,900 level, following the mixed cues from Wall Street overnight, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.
RTTNews | 8 h 1 min atrás
Australia Building Approval Data Due On Wednesday

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RTTNews | 11 h 1 min atrás
U.S. Dollar Drops Ahead Of Trump's Tariffs

U.S. Dollar Drops Ahead Of Trump's Tariffs

The U.S. dollar fell against its major counterparts in the New York session on Tuesday after weak economic data, while investors awaited more details on U.S. President Donald Trump's reciprocal tariff announcements set to be announced on Wednesday.
RTTNews | 14 h 47 min atrás