FTSE 100 Edges Higher Before Budget

RTTNews | 680 dias atrás
FTSE 100 Edges Higher Before Budget

(RTTNews) - U.K. stocks edged up slightly on Wednesday ahead of finance minister's budget update. Chancellor of the Exchequer Jeremy Hunt will deliver the 2023 Autumn Statement later today, outlining the government's fiscal plan for the year ahead.

Hunt suggested that he will cut taxes on business to support economic growth. His options to cut taxes are limited as public debt now remains close to 100 percent of gross domestic product, which is the highest since 1960s. The announcement is due at around 7.30 am ET.

The benchmark FTSE 100 was up 12 points, or 0.2 percent, at 7,493 after losing 0.2 percent on Tuesday.

In corporate news, software firm Sage jumped 10 percent after reporting strong revenue growth in its full-year results and launching a share buyback.

Home improvement retailer Kingfisher slumped 7 percent after cutting its profit outlook for the second time in three months.

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Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending its early gains in mid-market moves on Thursday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,900 level, with gains across most sectors led by mining and technology stocks.
RTTNews | 1h 41min atrás
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, amid optimism about the outlook for interest rates following a report showing unexpected decrease in US private sector employment in the month of September. Expectations of additional rate cuts this year and another next year have increased among traders based on projections.
RTTNews | 2h 0min atrás
Higher Open Tipped For Thai Stock Market

Higher Open Tipped For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,275-point plateau although it may tick higher again on Thursday.
RTTNews | 3h 15min atrás
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is notably higher on Thursday, snapping a four-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,800 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers, exporters and financial stocks.
RTTNews | 3h 34min atrás
Indonesia Stock Market May Snap Losing Streak

Indonesia Stock Market May Snap Losing Streak

The Indonesia stock market has finished lower in two straight sessions, shedding almost 80 points or 1 percent in that span. The Jakarta Composite Index sits just above the 8,040-point plateau although it's expected to open to the upside on Thursday.
RTTNews | 3h 45min atrás
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level, with gains across most sectors led by mining and technology stocks. Energy stocks are the only weak spot.
RTTNews | 4h 2min atrás
Win Streak May Continue For Hong Kong Shares

Win Streak May Continue For Hong Kong Shares

Ahead of Wednesday's holiday for National Day, the Hong Kong stock market had moved higher in back-to-back sessions, advancing almost 720 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 26,850-point plateau and it may extend its gains on Thursday.
RTTNews | 4h 15min atrás