FTSE 100 Slides On Growth Worries

RTTNews | 1479 days ago
Stocktwits
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.

Stocktwits
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Malaysia Stock Market May Give Up Support At 1,700 Points

Malaysia Stock Market May Give Up Support At 1,700 Points

The Malaysia stock market has finished lower in three sessions, slipping almost 10 points in that span. The Kuala Lumpur Composite Index now sits just above the 1,700-point plateau and it may take further damage again on Friday.
RTTNews | 23 minutes ago
Japan Stock Market May Head South Again On Friday

Japan Stock Market May Head South Again On Friday

The Japan stock market on Thursday snapped the two-day slide in which it had stumbled more than 1,250 points or 1.9 percent. The Nikkei 225 now sits just above the 65,270-point plateau although it may hand back those gains on Friday.
RTTNews | 38 minutes ago
South Korea Shares May Extend Thursday's Losses

South Korea Shares May Extend Thursday's Losses

The South Korea stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had rallied more than 430 points or 6.1 percent. The KOSPI now sits just above the 7,030-point plateau although it may head south again on Friday.
RTTNews | 53 minutes ago
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