FTSE 100 Rises On Buzz Rates May Have Peaked

RTTNews | 657 dias atrás
FTSE 100 Rises On Buzz Rates May Have Peaked

(RTTNews) - U.K. stocks traded higher on Thursday to hover near one-week high as bond yields pulled back on expectations that interest rates may have peaked.

The Bank of England is now predicted to make only one more increase to Bank Rate on Sept 21 despite inflation staying high.

The benchmark FTSE 100 was up 30 points, or 0.4 percent, at 7,350 after rising 0.7 percent on Wednesday.

AstraZeneca edged up slightly after its prostate-cancer treatment Lynparza received approval in Japan.

Recruiter Hays was marginally higher after naming a new CEO.

Power generation company Drax Group fell over 1 percent after naming a chair designate.

Harbour Energy declined 1.4 percent after narrowing its full-year production guidance to the lower end of the range.

Hunting plunged 7.6 percent. The oil services firm said it was further restructuring its operating footprint and disposing non-core exploration and production assets in a bid to cut costs.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | 54 minutos atrás
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | 1h 41min atrás
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 2h 50min atrás
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 3h 57min atrás
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 4h 6min atrás
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 4h 7min atrás