FTSE 100 Tumbles On Interest-rate Concerns

RTTNews | Před 681 dny
FTSE 100 Tumbles On Interest-rate Concerns

(RTTNews) - U.K. stocks tumbled on Thursday as a continued sell-off in bond markets stoked concerns about the outlook for interest rates and economic growth.

U.S. Treasury yields jumped to 16-year highs as investors await Fed Chair Jerome Powell's speech in New York later in the day for additional clues on the Fed's rate trajectory.

The benchmark FTSE 100 was down 73 points, or 1 percent, at 7,514 after declining 1.1 percent in the previous session.

McBride shares jumped 22 percent. The household and personal products business said that the favorable trading environment and momentum of the second half of fiscal 2023 has continued into the first quarter of fiscal 2024.

Retail-investment platform Hargreaves Lansdown slumped 4.6 percent after new client growth slowed during the first quarter. Gold miner declined 2.4 percent after pretax profit and revenue fell in the third quarter.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | Před 21 h 46 min
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | Před 1 dnem
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | Před 1 dnem
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | Před 1 dnem
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | Před 1 dnem