FTSE 100 Slips As Miners Drag On China Concerns
(RTTNews) - U.K. stocks traded lower on Tuesday after data showed China's exports and imports both sank at their fastest pace since the 2020 COVID-19 pandemic in July, threatening recovery prospects and reinforcing the need for further stimulus measures from policymakers.
The benchmark FTSE 100 was down 27 points, or 0.4 percent, at 7,527 after closing 0.1 percent lower on Monday.
Miner Glencore tumbled 3.8 percent after half-year profit dropped 50 percent.
Anglo American dropped 1.8 percent and Antofagasta declined 1.2 percent on concerns over slowing growth in China.
Asset manager Abrdn plunged almost 8 percent after reporting a drop in its assets under management.
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Swiss Market Ends Flat After Choppy Session
The Switzerland stock market ended flat on Tuesday after a choppy ride, as the mood remained cautious with investors closely following geopolitical developments.
Weak oil prices aided sentiment.
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3h 35min ago
Major European Markets Close Mixed As Investors Track Geopolitical News
European stocks turned in a mixed performance on Tuesday as investors largely made cautious moves, tracking geopolitical news, and continuing to weigh recent policy moves of major central banks.
Weak oil prices aided sentiment.
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4h 4min ago
Canadian Stocks Rise Again; TSX Hits Two-week High
The Canadian market is up firmly in positive territory on Tuesday, with the benchmark S&P/TSX Composite Index hitting a two-week high. Shopify surged 8.5% after saying that it was "partnering deeply" with Meta Platforms' Muse artificial intelligence agent.
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5h 23min ago
TSX Eyes Mixed Session On Geopolitical Uncertainty, Commodity Moves
Falling oil and precious metals prices threaten energy and materials stocks ahead of Tuesday's open. The S&P/TSX Composite Index closed Monday at 36,009.40, up 0.57%, supported by financials and tech.
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8h 50min ago
U.S. Stocks Likely To Open On Cautious Note
U.S. stocks look headed for a cautious start on Tuesday, as investors await some crucial geopolitical news for directional clues. Easing concerns about inflation following another sharp drop in oil prices could aid sentiment.
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9h 16min ago
UK Borrowing Overshoots Estimate
The UK government borrowing exceeded the government estimate in August as spending rose more than income, partly due to the impacts of inflation, data from the Office for National Statistics said Tuesday. Public sector net borrowing increased GBP 2.9 billion from the previous year to GBP 18.3 billion in August.
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9h 41min ago
AutoZone Q4 Profit, Comps Rise; Sees Sales Growth In FY27
AutoZone, Inc., an automotive replacement parts retailer, reported Tuesday higher profit in its fourth quarter with growth in net sales and same store sales. Looking ahead, the company said it is well positioned for sales growth in fiscal 2027. In the pre-market activity on the NYSE, the shares were gaining around 0.53 percent.
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9h 55min ago
U.K. Stocks Turning In Mixed Performance; FTSE 100 Up Marginally
U.K.'s equity benchmark FTSE 100 was up in positive territory a little past noon on Tuesday with stocks turning in a mixed performance as investors assessed the Middle East situation and looked ahead to U.S. President Donald Trump's speech at the U.N. General Assembly later in the day.
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10h 26min ago
