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FTSE 100 Declines As Rate Cut Hopes Fade
(RTTNews) - U.K. stocks slipped into the red on Thursday after Bank of England (BoE) policymaker Megan Greene said interest rate cuts in the U.K. should be a way off" and that Britain has a higher risk of persistent inflation than the U.S.
The benchmark FTSE 100 was down 15 points, or 0.2 percent, at 7,946 after rising 0.3 percent in the previous session.
Kenmare Resources slumped 6 percent. The mining firm said shipments fell in the first quarter of the year, but it remains on track to meet guidance for the year.
Artificial intelligence cybersecurity firm Darktrace surged 6.2 percent after it reported a return to growth for its third quarter.
Biopharma giant AstraZeneca added 1.5 percent after promising to increase its dividend this year.
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Bay Street May Open On Weak Note
Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.
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vor 2Std 48 Minuten
Dollar Extends Losses Amidst Powell's Dovish Surprise
A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
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vor 3Std 34 Minuten
German Ifo Business Confidence Strongest Since 2024
German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
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vor 3Std 36 Minuten
CAC 40 Down Nearly 0.6% In Cautious Trade
French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.
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vor 4Std 10 Minuten
DAX Modestly Lower As Investors Wait For Directional Clues
The German market is languishing in negative territory after a weak start on Monday as investors remain a bit reluctant to pick up stocks, choosing to wait for crucial inflation data from several major countries in Europe.
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vor 4Std 44 Minuten
Sensex, Nifty End Higher As IT Stocks Surge On Dovish Fed Boost
Indian shares ended modestly higher on Monday, with IT stocks leading the surge following dovish remarks from U.S. Federal Reserve Chair Jerome Powell.
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vor 5Std 0 Minuten
Antipodean Currencies Traded Higher Amid Risk-on Mood
The antipodean currencies such as the Australia and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Asian stock markets traded higher, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted.
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vor 5Std 27 Minuten
European Shares Inch Lower As Focus Shifts To Inflation Readings
European stocks drifted lower on Monday ahead of key inflation releases from Germany, France, Italy, and Spain due later in the week.
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vor 6Std 26 Minuten
