FTSE 100 Rises As US Recession Worries Ease

RTTNews | 405天前
FTSE 100 Rises As US Recession Worries Ease

(RTTNews) - U.K. stocks advanced on Friday as positive weekly jobless claims data eased some of worries of a recession in the world's largest economy.

Also, a measure of China's consumer price inflation surged to a five-month high, providing much-need positive news on the world's second-largest economy.

The benchmark FTSE 100 was up 55 points, or 0.7 percent, at 8,201 after declining 0.3 percent on Thursday.

Revolution Bars Group soared more than 16 percent. The troubled bar firm has secured a High Court's judge approval for its restructuring plan.

Bellway rallied nearly 3 percent. The housebuilder expects to return to growth in fiscal 2025 if market conditions remain stable.

Hargreaves Lansdown climbed 2.3 percent. The investment platform has agreed to a 5.44 billion-pound ($6.94 billion) takeover by a consortium backed by private equity firm CVC Capital Partners.

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Japan Stock Market May Extend Thursday's Gains

Japan Stock Market May Extend Thursday's Gains

The Japanese stock market rebounded on Thursday, one day after halting the four-day winning streak in which it had surged more than 1,430 points or 3.2 percent. The Nikkei 225 now sits just above the 45,300-point plateau and it may add to its winnings on Friday.
RTTNews | 14分鐘前
KOSPI In Line For Another Fresh Record High

KOSPI In Line For Another Fresh Record High

The South Korea stock market bounced higher again on Thursday, one day after snapping the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. Now at another fresh record closing high, the KOSPI sits just above the 3,460-point plateau and it may see additional support on Friday.
RTTNews | 29分鐘前
Japan Rate Decision On Tap For Friday

Japan Rate Decision On Tap For Friday

The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at 0.50 percent.
RTTNews | 1小時29分鐘前
South Africa Holds Rate Steady At 7% After Easing For A Year

South Africa Holds Rate Steady At 7% After Easing For A Year

The South African Reserve Bank left its key interest rate unchanged at 7 percent as policymakers decided to adopt a wait-and-watch stance following a year-long easing and they also assessed that inflation is set to rise in the coming months due to higher prices for electricity, food and services, while economic growth is set to strengthen.
RTTNews | 4小時10分鐘前
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a positive start, the Switzerland market suffered a mild setback and slipped slightly below the flat line Thursday morning, but recovered swiftly and stayed firm thereafter to finally end the day's session modestly higher.
RTTNews | 5小時29分鐘前
Major European Markets Close On Firm Note

Major European Markets Close On Firm Note

The major European markets closed higher on Thursday, with investors reacting positively to the Federal Reserve's rate cut and its comments suggesting more easing this year. The Bank of England left interest rates unchanged, as widely expected.
RTTNews | 5小時57分鐘前
Technology Stocks Shine; TSX Up Nearly 0.5%

Technology Stocks Shine; TSX Up Nearly 0.5%

After opening marginally up, the Canadian market moved ahead Thursday morning, and remains firmly in positive territory a little before noon. Technology stocks have recovered from previous session's losses, contributing significantly to market's upmove.
RTTNews | 7小時47分鐘前