FTSE 100 Dips From Record High On US Rate Jitters

RTTNews | vor 1003 Tagen
FTSE 100 Dips From Record High On US Rate Jitters

(RTTNews) - U.K. stocks were moving lower on Monday as strong U.S. jobs data raised worries that the Federal Reserve could keep hiking rates for longer to control inflation.

The benchmark FTSE 100 fell 70 points, or 0.9 percent, to 7,831 after rallying 1 percent on Friday to reach a record high.

Diageo was down half a percent after the spirits maker launched a partial tender offer to increase its stake in East African Breweries Plc to up to 65 percent from 50 percent currently.

Croda International was marginally lower. The specialty chemicals firm has agreed to acquire Solus Biotech, a South Korean provider of biotechnology-derived beauty actives, from Solus Advanced Materials, for KRW350 billion or around 232 million pounds, on a debt-free, cash-free basis.

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Indonesia GDP Growth Slows In Q3

Indonesia GDP Growth Slows In Q3

Indonesia's economic growth softened in the third quarter as anti-government unrest weighed on household consumption, official data showed Wednesday. Gross domestic product grew 5.04 percent on a yearly basis in the third quarter, slower than the 5.12 percent expansion seen in the second quarter.
RTTNews | vor 1Std 55 Minuten
Commodity Currency's Slide Amid Risk-off Mood

Commodity Currency's Slide Amid Risk-off Mood

The commodity currencies such as the Australia, the New Zealand and Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid increasing risk-off sentiment, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst.
RTTNews | vor 1Std 55 Minuten
German Factory Orders Rebound In September

German Factory Orders Rebound In September

Germany's factory orders rebounded at a stronger-than-expected pace in September driven by higher demand for auto and electrical equipments. Factory orders expanded 1.1 percent in September from August, Destatis reported Wednesday. Orders were forecast to advance 0.9 percent, reversing a revised 0.4 percent drop in August.
RTTNews | vor 3Std 55 Minuten