FTSE 100 Slides On Growth Worries

RTTNews | 870 dias atrás
FTSE 100 Slides On Growth Worries

(RTTNews) - U.K. stocks were moving lower on Tuesday amid worries about rising inflation and its impact on economic growth.

U.K. economic activity slowed slightly in August as manufacturers were pummeled by weaker demand, but the services sector held up better than expected, survey data showed earlier today.

The S&P Global/CIPS Purchasing Managers' Index (PMI) composite flash estimate dropped to an 18-monht low of 50.9 in August from 52.1 in July.

The benchmark FTSE 100 was down 30 points, or 0.4 percent, at 7,503 after closing 0.2 percent lower on Monday.

BT group shares rose about 2 percent after the government allowed French billionaire Patrick Drahi to retain his stake in the telecoms group.

John Wood Group tumbled 3.3 percent. After reporting a wider pretax loss for the first half of 2022, the engineering services firm said it expects performance to improve in the second half.

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Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Friday, extending the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
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Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in consecutive trading days, surrendering almost 30 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,360-point plateau although it nay see bargain hunting on Friday.
RTTNews | 5 h 29 min atrás
Mild Upside Seen For Indonesia Stock Market

Mild Upside Seen For Indonesia Stock Market

The Indonesia stock market has moved lower in two straight sessions, slipping almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just above the 7,060-point plateau although it's expected to open in the green on Friday.
RTTNews | 5 h 59 min atrás
Hong Kong Stock Market May Stop The Bleeding On Friday

Hong Kong Stock Market May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in four straight sessions, retreating more than 520 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 19,240-point plateau although it's due for support on Friday.
RTTNews | 6 h 14 min atrás
China Stock Market May Reverse Thursday's Losses

China Stock Market May Reverse Thursday's Losses

The China stock market on Thursday wrote a finish to the two-day winning streak in which it had improved almost 25 points or 0.8 percent. The Shanghai Composite Index now sits just above the 3,210-point plateau although it may tock back to the upside on Friday.
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Taiwan Bourse Tipped To Snap Losing Streak

Taiwan Bourse Tipped To Snap Losing Streak

The Taiwan stock market has moved lower in back-to-back sessions, dropping more than 570 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just above the 23,080-point plateau although it may find support on Friday.
RTTNews | 6 h 59 min atrás
Singapore Shares Called Rangebound On Friday

Singapore Shares Called Rangebound On Friday

The Singapore stock market on Thursday ended the five-day winning streak in which it had climbed more than 100 points or 1.5 percent. The Straits Tines Index now rests just above the 3,860-point plateau and it's likely to remain in that neighborhood again on Friday.
RTTNews | 7 h 29 min atrás