FTSE 100 Gains As Investors Look To BoE

RTTNews | 575 dias atrás
FTSE 100 Gains As Investors Look To BoE

(RTTNews) - U.K. stocks opened the week on a positive note ahead of a busy week of central bank meetings.

The Bank of England is to hold its penultimate meeting of the year on Thursday, with economists anticipating a 'status quo policy update.'

The benchmark FTSE 100 was up 57 points, or 0.8 percent, at 7,348 after declining 0.9 percent on Friday.

Ascential soared 35 percent after the information and analytics firm said it would sell its digital commerce and consumer research units for a combined enterprise value of 1.4 billion pounds ($1.70 billion).

Commodity trader and miner Glencore rose 1.2 percent despite cutting its 2023 nickel production guidance.

Frasers Group added 1.5 percent as it announced divestment of the IP of Missguided to Chinese clothing giant Shein.

Premier Foods rose 1.1 percent after buying breakfast brand FUEL10K in a £34m deal. Reckitt Benckiser advanced 1.4 percent after launching the first tranche of its share buyback program.

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Malaysia Stock Market Tipped To Open In The Green

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European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

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European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
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U.S. Consumer Confidence Rebounds Much More Than Expected In May

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A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.
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U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

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