FTSE 100 Slides Ahead Of Budget

RTTNews | Před 412 dny
FTSE 100 Slides Ahead Of Budget

(RTTNews) - U.K. stocks traded lower on Wednesday ahead of the first Labour party budget in 14 years.

U.K. Chancellor of the Exchequer will present her Autumn Budget 2024 to Parliament at 8.30 am ET.

The benchmark FTSE 100 was down 29 points, or 0.4 percent, at 8,190 after falling 0.8 percent in the previous session.

In corporate news, GSK shares tumbled 3.4 percent. The pharmaceutical company swung into a loss in the third quarter and lowered its 2024 vaccine sales forecast.

Standard Chartered rallied 3 percent. The lender upgraded its 2024 income guidance after profits in the third quarter beat market estimates.

Miner Glencore added 1.7 percent as it maintained production forecast for the current year.

Retail bellwether Next gained 1.6 percent after raising outlook for third time in three months.

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Eurozone Private Sector Growth Moderates In December

Eurozone Private Sector Growth Moderates In December

The euro area private sector growth eased in December as the manufacturing sector contracted and the services activity logged a weaker expansion, a flash survey compiled by S&P Global showed on Tuesday. The HCOB composite output index, which measures overall private sector activity, dipped to 51.9 in December from a final reading of 52.8 in November.
RTTNews | Před 1 h 54 min
Pound Rises After Strong U.K. PMI Data

Pound Rises After Strong U.K. PMI Data

The British pound strengthened against other major currencies in the European session on Tuesday, after the UK PMI showed an improvement in the private sector for the month of December.
RTTNews | Před 3 h 33 min
FTSE 100 Down Slightly In Cautious Trade As Unemployment Rate Rises

FTSE 100 Down Slightly In Cautious Trade As Unemployment Rate Rises

U.K. stocks showed weakness Tuesday morning, weighed down by losses in defense stocks amid progress in Ukraine peace talks. Also, investors exercised caution amid a slew of crucial economic data from the U.S., including the jobs report, this week. Data showing an increase in the nation's unemployment rate weighed a bit.
RTTNews | Před 3 h 55 min
German Economic Confidence Strongest In 5 Months

German Economic Confidence Strongest In 5 Months

German economic sentiment strengthened to a five-month high in December as analysts expect the expansive fiscal policy to support economic recovery, the financial market survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index advanced to 45.8 in December from 38.5 in the previous month, reaching the highest since last July. The score was seen at 38.4.
RTTNews | Před 3 h 59 min
French Market Roughly Flat At Noon As Traders Weigh Weak PMI Data

French Market Roughly Flat At Noon As Traders Weigh Weak PMI Data

French stocks turned in a mixed performance Tuesday morning as investors reacted to the data showing stagnation in the nation's private sector activity in December, and looked ahead to some crucial U.S. data, including the jobs report, for clues about Fed's monetary policy in the coming months.
RTTNews | Před 4 h 35 min
DAX Drifts Lower As Weak PMI Data Weigh On Sentiment

DAX Drifts Lower As Weak PMI Data Weigh On Sentiment

German stocks drifted lower in cautious trade Tuesday morning as investors reacted to German PMI data and looked ahead to the crucial U.S. jobs data for clues about the Federal Reserve's monetary policy. The focus was also on the progress in Ukraine peace talks.
RTTNews | Před 4 h 56 min