FTSE 100 Declines As Miners Drag On Growth Worries

RTTNews | 1515 days ago
FTSE 100 Declines As Miners Drag On Growth Worries

(RTTNews) - U.K. stocks were subdued on Tuesday, with miners declining as rising COVID-19 cases in China raised fears of a further slowdown in economic growth.

Stronger-than-expected jobs data also heightened fears of more interest-rate hikes. The ILO unemployment rate came in at 3.8 percent in three months to May, unchanged from three months to April but down by 0.1 percentage points on the quarter. The rate was forecast to rise to 3.9 percent.

The benchmark FTSE 100 was down 11 points, or 0.2 percent, at 7,212 after rising 0.9 percent the previous day.

Miners Anglo American, Antofagasta and Glencore all fell over 1 percent.

Events and academic-publishing group Informa jumped 4 percent after backing its full-year guidance.

Kier Group rallied 2.7 percent. The construction, services and property group said it expects full-year results to be in-line with the Board's expectations, reflecting a strong operational performance.

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Indian Shares Tumble Amid Geopolitical Concerns

Indian Shares Tumble Amid Geopolitical Concerns

Indian shares were sharply lower in early trade on Friday as crude oil prices soared amid escalating tensions in West Asia, raising worries about India's import bill, inflation and earnings.
RTTNews | 1h 42min ago
Australian Market Extends Early Strong Losses In Mid-market

Australian Market Extends Early Strong Losses In Mid-market

The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 2h 48min ago
Asian Markets Sink Amid Inflationary Risks

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RTTNews | 3h 6min ago
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, sinking more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Friday.
RTTNews | 4h 15min ago
Japanese Market Sharply Lower

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The Japanese market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 63,550 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in automakers.
RTTNews | 4h 38min ago
Indonesia Stock Market Tipped To Open In The Red

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The Indonesia stock market has finished lower in two straight sessions, surrendering almost 100 points or 1.4 percent in that span. The Jakarta Composite Index now rests just beneath the 6,590-point plateau and it may continued selling pressure on Friday.
RTTNews | 4h 45min ago