FTSE 100 Slides On Growth Worries
(RTTNews) - U.K. stocks fell on Thursday amid doubts about China's economic recovery and lingering uncertainty surrounding the possibility of a U.S. debt default.
The benchmark FTSE 100 was down 12 points, or 0.2 percent, at 7,614 after plunging 1.8 percent on Wednesday.
Renewi, a waste-to-product services provider, lost 4 percent after reporting lower earnings for the year 2023 due to cost inflation and volatility in recyclate prices.
Pets At Home declined 2.2 percent after its pre-tax profit fell in fiscal 2023.
Infrastructure firm Hill & Smith rallied 3.5 percent after it delivered a record trading performance in the four months to April 30.
Chemicals group Johnson Matthey fell 2.8 percent after reporting a fall in annual profit.
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Canadian Stocks Turning In Mixed Performance In Cautious Trade
Canadian stocks are turning in a mixed performance on Friday with investors largely making cautious moves, assessing geopolitical situation and weighing recent policy moves and inflation outlook from major central banks.
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2h 0min ago
Swiss Market Ends On Weak Note
The Switzerland stock market closed notably lower on Friday, in line with markets across Europe as worries about inflation and uncertainty about central banks' monetary policy moves rendered the mood cautious.
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2h 28min ago
European Stocks Fall As Central Bank Signals Weigh On Sentiment
European stocks declined Friday amid caution over monetary policy and inflation outlooks from major central banks. The ECB survey showed Euro Zone inflation expectations rose to 3% from 2.9%, while the Bank of Japan raised rates by 25 basis points.
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3h 0min ago
U.S. Leading Economic Index Unexpectedly Edges Lower In August
A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
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6h 35min ago
U.S. Industrial Production Unexpectedly Flat In August
With a jump in utilities output offset by a decrease in manufacturing output, the Federal Reserve released a report on Friday showing U.S. industrial production unexpectedly came in flat in the month of August. The Fed said industrial production was unchanged in August after rising by an unrevised 0.2 percent in July. Economists had expected industrial production to climb by 0.3 percent.
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6h 43min ago
UK Retail Sales Recover Unexpectedly
UK retail sales rebounded unexpectedly in August underpinned by online shopping and warm weather boosted sales of seasonal items, data from the Office for National Statistics revealed Friday. Retail sales grew 0.5 percent on a monthly basis, offsetting July's 0.5 percent fall. Sales were expected to drop 0.2 percent.
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7h 26min ago
Bay Street Likely To Open On Mixed Note
Canadian stocks are likely to open on mixed note on Friday, with investors tracking commodity prices and assessing recent monetary policy moves and weighing inflation outlook. Activity for most part of the session could be a bit lackluster amid a lack of fresh data or corporate news.
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8h 1min ago
FTSE 100 Drifts Lower Despite Strong Retail Sales Data
Despite data showing an unexpected jump in retail sales, U.K. stocks weakened on Friday with investors assessing recent policy announcements and inflation outlook from major central banks.
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9h 43min ago
