Sentiment Weak At FTSE-100

RTTNews | 1030 dias atrás
Sentiment Weak At FTSE-100

(RTTNews) - FTSE 100 of the London Stock Exchange shed close to half a percent amidst fears that the Covid spread and the widespread unrest in China could impact global economic demand and recovery.

FTSE 100 oscillated between 7,420.00 and 7,486.67, the previous day's closing level. The benchmark index of the London Stock Exchange is currently trading at 7,454.93, down 0.42 percent on an overnight basis.

In the 100-scrip index, only 12 are trading in the overnight green zone. Rolls Royce Holdings topped with an uptick of more than 1 percent.

Admiral Group was the biggest loser with a 3.7 percent decline. Persimmon also shed more than 3 percent. BP and Ocado group have both declined more than 2 percent.

The GBP/USD pair gained 0.72 percent to trade at 1.2097 amidst the US Dollar Index dropping 0.35 percent to 105.59.

Yields on U.K.'s ten-year bonds increased 0.16 percent to 3.124% from the previous close of 3.119%.

Earlier data from the Confederation of British Industry's Distributive Trade Survey, showed retail sales declining sharply to -19, from 18 in the previous month.

read more
Powell Warns There's 'No Risk-Free Path' For Interest Rates

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
RTTNews | 41 minutos atrás
Hungary Holds Rates Steady As Inflation Expected To Remain High

Hungary Holds Rates Steady As Inflation Expected To Remain High

The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.
RTTNews | 1h 14min atrás
Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
RTTNews | 4h 41min atrás
Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
RTTNews | 5h 21min atrás
Sweden Cuts Policy Rate By 25 Bps

Sweden Cuts Policy Rate By 25 Bps

Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
RTTNews | 5h 26min atrás
FTSE 100 Flat; Kingfisher Soars On Higher Guidance

FTSE 100 Flat; Kingfisher Soars On Higher Guidance

U.K. stocks are turning in a mixed performance on Tuesday with investors digesting the flash data showing weak manufacturing and services sector activity in the month of September.
RTTNews | 6h 20min atrás
Eurozone Private Sector Logs Strongest Growth In 16 Months

Eurozone Private Sector Logs Strongest Growth In 16 Months

The euro area private sector expanded the most in 16 months in September driven by the acceleration in services activity growth, flash survey results published by S&P Global revealed on Tuesday. At 51.2, the HCOB composite output index climbed slightly from August's 51.0 and was above forecast of 51.1. The index posted above the 50.0 no-change mark for the ninth straight month in September.
RTTNews | 6h 29min atrás
CAC 40 Up 0.6%; STMicroElectronics Rises Sharply

CAC 40 Up 0.6%; STMicroElectronics Rises Sharply

Despite data showing a contraction in France's private sector activity in the month of September, French stocks are up firmly in positive territory Tuesday afternoon with data showing an acceleration in Eurozone private sector growth, and NVIDIA's plans to invest $100 billion in OpenAI aiding sentiment.
RTTNews | 6h 47min atrás