FTSE 100 Climbs As Trump Surges To Victory

RTTNews | 75 gün önce
FTSE 100 Climbs As Trump Surges To Victory

(RTTNews) - U.K. stocks rallied on Wednesday as Donald Trump won the United States elections with a clear majority of 270 seats.

Prime Minister Keir Starmer has congratulated Trump on his "historic election victory" and said that "as the closest of allies, we stand shoulder to shoulder in defense of our shared values of freedom, democracy and enterprise."

The benchmark FTSE 100 climbed 116 points, or 1.4 percent, to 8,289 after closing 0.1 percent lower on Tuesday.

Shares of Lancashire Holdings jumped more than 10 percent. The specialty insurance and reinsurance group has reported a 9 percent year-on-year increase in GWP to $1.7bn for the first nine months of 2024.

Lloyd's of London insurer Beazley rallied 3.6 percent after reiterating its full-year undiscounted combined ratio guidance of around 80 percent.

Prudential surged 5 percent after it posted a 11 percent rise in new business profit for the first nine months of fiscal 2024.

Homebuilder Persimmon slumped 5.2 percent as it flagged concerns around signs of build costs emerging in price negotiations for 2025.

Retail giant Marks and Spencer soared 5.2 percent after beating first-half profit expectations.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets and lack of cues from Wall Street overnight, as markets reacted positively to US President Donald Trump's decision not to impose China-specific tariffs on his first day in office. However, there were hints from Trump about potential 25 percent tariffs on Canada and Mexico as early as February 1.
RTTNews | 5s 38 dakika önce
Australian Market Halves Early Gains In Mid-market

Australian Market Halves Early Gains In Mid-market

The Australian stock market halved its early gains in mid-market trading on Tuesday, but still extending the gains in the previous session, following the positive cues from European markets. The benchmark S&P/ASX 200 index is moving to near the 8,400.00 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.
RTTNews | 6s 12 dakika önce
Sensex, Nifty Seen Opening Higher In Cautious Trade

Sensex, Nifty Seen Opening Higher In Cautious Trade

Indian shares are seen opening higher on Tuesday as U.S. President Donald Trump did not immediately impose China-specific tariffs as previously promised during his first day in office.
RTTNews | 6s 22 dakika önce
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from European markets and lack of cues from Wall Street overnight. The Nikkei 225 is moving up to near the 39,000 mark, with gains some index heavyweights, automakers and technology stocks.
RTTNews | 7s 19 dakika önce
Australian Market Sharply Higher

Australian Market Sharply Higher

The Australian stock market is trading sharply higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains across most sectors led by mining, financial and technology stocks.
RTTNews | 7s 42 dakika önce
TSX Ends Higher For 5th Straight Session

TSX Ends Higher For 5th Straight Session

The Canadian market closed higher on Monday, extending gains to a sixth straight session, reacting to news that the Trump administration will hold off on imposing trade tariffs for now.
RTTNews | 10s 30 dakika önce
Canadian Stocks Remain Firmly Positive Despite Paring Some Gains

Canadian Stocks Remain Firmly Positive Despite Paring Some Gains

Despite paring some gains, the Canadian market remains firmly place in positive territory Monday afternoon thanks to sustained buying in several stocks from the energy sector. The mood remains positive amid optimism about some interest rate cuts by the Federal Reserve and a few other central banks this year.
RTTNews | 13s 23 dakika önce
Swiss Market Closes On Firm Note

Swiss Market Closes On Firm Note

Despite a mid-session setback, the Switzerland market closed on a firm note on Monday, in line with markets across Europe, as investors reacted positively to news that the Trump administration would hold off on imposing trade tariffs for now.
RTTNews | 14s 20 dakika önce