FTSE 100 Gains Ahead Of Budget Statement

RTTNews | vor 541 Tagen
FTSE 100 Gains Ahead Of Budget Statement

(RTTNews) - U.K. stocks rose slightly on Wednesday as Chancellor Jeremy Hunt delivers his 2024 Budget, with measures including further tax cuts and public spending reductions widely expected.

The benchmark FTSE 100 was up 16 points, or 0.2 percent, at 7,662 after finishing marginally higher the previous day. In corporate news, life insurer Legal & General tumbled 3.3 percent after posting flat operating profit for 2023.

Ricardo, a sustainable energy company, rose more than 2 percent after narrowing its first-half loss.

Paperboard and packing producer DS Smith added about 1 percent after it showcased a resilient Q3 with a positive outlook and strategic focus on pricing, efficiency, and sustainable solutions.

Tullow Oil lost nearly 4 percent after its pretax profit slumped on lower oil prices and impairments.

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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 | vor 3Std 3 Minuten
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 | vor 5Std 53 Minuten
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 | vor 6Std 21 Minuten
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 | vor 9Std 25 Minuten
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 | vor 10Std 8 Minuten