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FTSE edges lower as earnings outlook weighs
Jul 16th, 2012
LONDON (Reuters) - Britain's top share index edged lower in low-volume trade on Monday, led by banks and mining stocks, as concern about the outlook for corporate earnings kept investors cautious. The FTSE 100 ended down 3.70 points, or 0.1 percent, at 5,662.43 in volume, just under two-thirds of its 90-day daily average. "Investors are not keen to make major shifts to their portfolios at this stage as there is nervousness about earnings," said Ian Williams, a strategist at Peel Hunt. "The market has been short of inspiration - growth data continued to disappoint last week and the U.S. ... (Source: Reuters) -
By Sudip Kar-Gupta LONDON (Reuters) - The FTSE 100, which had raced to its highest level in nearly 13 years this week, fell sharply for the second straight session on Friday as a decline at major bank HSBC hit the market. Some traders felt the pull-back could accelerate in June although many still believed the stock market's longer-term rising... [Full Article]
NEW YORK (Reuters) - U.S. stocks edged lower on Monday as indexes retreated from record highs in the previous session, though an unexpected rise in retail sales data for April helped to limit losses. The Dow Jones industrial average was down 41.10 points, or 0.27 percent, at 15,077.39. The Standard & Poor's 500 Index was down 3.70 points, ... [Full Article]
NEW YORK (AP) - The stock market is heading lower in early trading, putting it on track for its first weekly loss in a month. (Source: Associated Press)... [Full Article]
JOHANNESBURG (Reuters) - South Africa's Tongaat Hulett reported a 15 percent rise in full-year earnings on Friday as sugar production rose and said it expected further growth in the year ahead. The agri-processing company said diluted headline earnings per share for the year to end-March totalled 942.3 cents from 819.4 cents a year ago. Total ... [Full Article]
By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced f... [Full Article]
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks slipped on Wednesday, as both the Dow and S&P 500 held near their most recent record highs after a flurry of economic data did little to upset investor expectations for central bank policies. Data showed activity in New York state's manufacturing sector unexpectedly contracted to its lo... [Full Article]
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