FTSE 100 Subdued As Miners Drag On China Concerns

RTTNews | 1288 days ago
FTSE 100 Subdued As Miners Drag On China Concerns

(RTTNews) - U.K. stocks edged lower on Monday, with mining stocks retreating after top consumer China set a modest annual growth target for 2023.

The benchmark FTSE 100 slid 11 points, or 0.1 percent, to 7,93 after finishing marginally higher on Friday.

Miners Anglo American, Antofagasta and Glencore fell 2-3 percent as most base metals prices declined.

Marine services provider James Fisher & Sons slumped 4.6 percent after selling its nuclear business for a nominal consideration.

Clarkson, a provider of shipping services, jumped 5.5 percent after reporting a rise in preliminary earnings for 2022.

Renewi gained 1 percent. The company said a European Commission landfill investigation into the alleged State Aid relating to the tax rate applied to certain recycled waste materials has been concluded positively.

read more
Bay Street Likely To Open Weak; Inflation Data In Focus

Bay Street Likely To Open Weak; Inflation Data In Focus

Canadian stocks look headed for a weak start on Monday as selling is likely in the materials and technology sectors due to weak precious metals prices and warning of potentially large-scale AI-driven cyberattacks, respectively. Energy stocks may find support as oil prices are up sharply on supply concerns.
RTTNews | 2h 28min ago
Asian Markets Weighed By AI Worries, Crude Oil Price Spike

Asian Markets Weighed By AI Worries, Crude Oil Price Spike

Renewed worries about the development of Artificial Intelligence and the call by AI leaders to slowdown the pace of AI development dampened sentiment across Asian markets. The spike in crude oil prices as well as worries about inflation also weighed on market sentiment ahead of interest rate decisions by the Federal Reserve and Bank of Japan.
RTTNews | 3h 0min ago
FTSE Climbs Higher On Pharma, Energy Strength

FTSE Climbs Higher On Pharma, Energy Strength

London's benchmark index advanced 69.78 points to 10,720.22 on Monday, boosted by buying in pharmaceuticals, energy, and heavyweight counters. Sage Group climbed over 6%, while losses in mining and financial sectors limited the market's upside potential.
RTTNews | 3h 13min ago
CAC 40 Slides 0.65% On Oil Surge, Tech Selloff

CAC 40 Slides 0.65% On Oil Surge, Tech Selloff

The CAC 40 fell 52.79 points to 8,126.98 Monday, pressured by surging crude prices and warnings of large-scale AI-driven cyberattacks in the tech sector. Geopolitical tensions and central bank meeting caution also contributed.
RTTNews | 3h 42min ago
U.S. Dollar Rises Amid Fed Rate Hike Signals

U.S. Dollar Rises Amid Fed Rate Hike Signals

The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as the Federal Reserve (Fed) is making aggressive rate-hike bets for Wednesday's decision, following higher U.S. inflation figures.
RTTNews | 6h 40min ago
European Markets Seen Ushering In New Week On A Weak Note

European Markets Seen Ushering In New Week On A Weak Note

A weak sentiment is expected to prevail in stock markets across Europe at the onset of the new week which would witness interest rate decisions by the Federal Reserve, Bank of England as well as Bank of Japan. Market mood is expected to be impacted by the rate hike expectations from the Federal Reserve as well as Bank of Japan.
RTTNews | 8h 9min ago