FTSE 100 Declines As Miners And Energy Stocks Drag

RTTNews | 933 일 전
FTSE 100 Declines As Miners And Energy Stocks Drag

(RTTNews) - U.K. stocks tumbled on Tuesday as commodity prices fell on demand worries due to a flare-up in China COVID-19 cases.

Meanwhile, to restore orderly market conditions, the Bank of England today expanded its emergency bond purchase program to include inflation-linked debt.

The benchmark FTSE 100 fell 80 points, or 1.2 percent, to 6,878 after closing half a percent lower in the previous session.

Miners Anglo American, Antofagasta and Glencore lost 3-4 percent while oil & gas firm BP Plc declined 3 percent and Shell gave up 2.1 percent.

Greencore shed 1.6 percent despite the convenience food manufacturer posting improved annual revenue and profits.

Ferrexpo, an iron ore pellet producer with operations in central Ukraine, plunged 10 percent.

The company said that production has been temporarily suspended at its operations due to damages to power supply caused by the Russian missile strikes across Ukraine on Monday.

In economic releases, the U.K. jobless rate fell to 3.5 percent in three months to August from 3.6 percent in three months to July, the Office for National Statistics reported.

This was the lowest since December to February 1974. The unemployment rate was forecast to remain unchanged at 3.6 percent.

read more
U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week's revised level of 223,000.
RTTNews | 25 분 전
Tesla Chair Denies Report Of CEO Search To Replace Elon Musk

Tesla Chair Denies Report Of CEO Search To Replace Elon Musk

Tesla Inc. chair Robyn Denholm has denied a Wall Street Journal report that its board was searching for a replacement for Chief Executive Officer Elon Musk. On the social media platform X, she called the report as "absolutely false." Shares of Tesla had fallen around 3 percent on Wednesday's trading following the news. However, with the denial of the report, the stock is currently gaining.
RTTNews | 4 시간 6 분 전
UK Mortgage Approvals Lowest In 8 Months

UK Mortgage Approvals Lowest In 8 Months

UK mortgage approvals decreased to the lowest level in eight months in March despite home buyers rushing to complete the transactions ahead of the rise in stamp duty, official data revealed on Thursday. Mortgage approvals decreased 800 to 64,309 in March, the Bank of England said. Approvals for house purchases, an indicator of future borrowing, decreased for the third straight month.
RTTNews | 4 시간 59 분 전
Yen Slides As Bank Of Japan Retains Rate As Expected

Yen Slides As Bank Of Japan Retains Rate As Expected

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its interest rate unchanged for the second consecutive meeting and downgraded its growth projections citing trade tariff threats.
RTTNews | 7 시간 58 분 전