FTSE 100 Gains On China COVID Optimism

RTTNews | Pred 794 dňami
FTSE 100 Gains On China COVID Optimism

(RTTNews) - U.K. shares rose notably on Tuesday amid hopes that anti-lockdown protests may pressure the Chinese government into eventually relaxing its zero-COVID policy.

The benchmark FTSE 100 climbed 46 points, or 0.6 percent, to 7,520 after closing 0.2 percent lower on Monday.

Equipment rental specialist Vp Plc rallied 3 percent after posting solid first-half results.

Private equity firm Bridgepoint Group was little changed, recovering from an early tumble, after confirming that it is evaluating a number of potential strategic opportunities, including the possible acquisition of energy transition investor Energy Capital Partners.

EasyJet lost nearly 4 percent after the airline posted a full-year loss and scrapped its 2022 dividend.

Telecom major Vodafone fell about 1 percent after launching a buyback offer for up to $2.3 billion of its 4.375% notes due in May 2028.

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Chicago Business Barometer Increases But Still Indicates Contraction

Chicago Business Barometer Increases But Still Indicates Contraction

MNI Indicators released a report on Friday showing its reading on Chicago-area business activity increased in the month of January but continued to indicate contraction. The report said the Chicago business barometer rose to 39.5 in January from 36.9 in December, although a reading below 50 still indicates contraction. Economists had expected the index to climb to 40.0.
RTTNews | Pred 5 h 33 min
U.S. Consumer Price Growth Matches Estimates In December

U.S. Consumer Price Growth Matches Estimates In December

The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with economist estimates in the month of December. The report said the personal consumption expenditures (PCE) price index rose by 0.3 percent in December after inching up by 0.1 percent in November. The increase matched expectations.
RTTNews | Pred 5 h 42 min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note on Friday with investors reacting to the nation's GDP data, and treading cautiously ahead of the February 1 deadline for the imposition of trade duties on Canada.
RTTNews | Pred 6 h 50 min
Wall Street Looks Headed For Positive Start

Wall Street Looks Headed For Positive Start

Higher futures point to a firm start for U.S. stocks Friday morning, but data on the nation's personal consumption expenditure for the month of December holds the key for the market's trend.
RTTNews | Pred 7 h 22 min
Novartis Q4 Core EPS Beats Market, Hikes Dividend; Sees Growth In FY25; Stock Up

Novartis Q4 Core EPS Beats Market, Hikes Dividend; Sees Growth In FY25; Stock Up

Swiss drug-major Novartis AG reported Friday weak net earnings in its fourth quarter on the absence of prior year's significant gain related to Sandoz Group AG spin-off. However, earnings from continuing operations grew from last year, and core earnings beat market estimates along with top line. Further, the company issued positive outlook for fiscal 2025 and lifted its dividend.
RTTNews | Pred 7 h 40 min
France Inflation Rises To 5-Month High

France Inflation Rises To 5-Month High

French inflation accelerated to a five-month high in January largely on energy and manufactured product prices, provisional data from the statistical office INSEE showed Friday. Consumer prices registered an annual increase of 1.4 percent in January, following December's 1.3 percent rise.
RTTNews | Pred 8 h 42 min
FTSE 100 Hits Fresh Record High

FTSE 100 Hits Fresh Record High

U.K. stocks are up in positive territory Friday morning, and the benchmark FTSE 100 looks set to end the month with a strong gain, as the mood remains a bit bullish amid optimism about more monetary easing by central banks in the coming months.
RTTNews | Pred 9 h 49 min