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FTSE 100 Declines As Retail Sales Growth Slows

RTTNews | vor 708 Tagen

FTSE 100 Declines As Retail Sales Growth Slows

(RTTNews) - U.K. stocks declined on Tuesday after data from the British Retail Consortium showed British retail sales growth slowed to a seven-month low in May as a result of rising food costs.

The benchmark FTSE 100 was down 39 points, or half a percent, at 7,561 after finishing marginally lower on Monday.

N Brown Group plunged 15 percent after it swung to a pre-tax loss in the fiscal 2023 in a "challenging" market.

Paragon Banking Group surged 8.5 percent after upgrading its FY23 guidance and launching a second 50.0-million-pound ($62.2 million) share buyback program for the year.

British American Tobacco edged down slightly despite backing its annual outlook. Primark owner Associated British Foods was also moving lower after it agreed to buy dairy technology firm National Milk Records for £48m.

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FTSE 100 Flat As Stocks Move In Tight Range

FTSE 100 Flat As Stocks Move In Tight Range

U.K. stocks are mostly subdued in lackluster trade on Wednesday as investors react to a mixed batch of earnings announcements, and await more economic data from the U.S., and clarity about Trump administration's stance on tariffs with regard to European countries.

RTTNews | vor 43 Minuten

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

French stocks are exhibiting weakness on Wednesday, snapping a four-session winning streak, as investors focus on earnings and other corporate news, and await more economic data for directional clues. Some profit taking is also contributing to market's weakness.

RTTNews | vor 1Std 4 Minuten

Sensex, Nifty End Choppy Session Modestly Higher

Sensex, Nifty End Choppy Session Modestly Higher

Indian shares ended modestly higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.

RTTNews | vor 1Std 9 Minuten

DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings

DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings

German stocks are down in negative territory on Wednesday with investors mostly making cautious moves after recent gains in the wake of the U.S. and China striking a trade deal, and somewhat soft U.S. consumer price inflation data.

RTTNews | vor 1Std 26 Minuten

European Shares Drift Lower In Lackluster Trade

European Shares Drift Lower In Lackluster Trade

European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.

RTTNews | vor 2Std 19 Minuten

Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism

Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism

Asian stocks turned in a mixed performance on Wednesday as investors digested softer-than-expected inflation data from the U.S. and awaited more clarity on ongoing trade talks.

RTTNews | vor 2Std 46 Minuten

Indian Rupee Falls To 5-day Low Against U.S. Dollar

Indian Rupee Falls To 5-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday.

RTTNews | vor 3Std 7 Minuten

U.S. Dollar Extends Slide On Soft Inflation Data

U.S. Dollar Extends Slide On Soft Inflation Data

The U.S. dollar extended its early weakness against other major currencies in the Asian session on Wednesday, as inflation slowed more than expected in April, raising hopes of further easing by the Federal Reserve.

RTTNews | vor 4Std 42 Minuten

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