FTSE 100 Slips As Housebuilders Drag

RTTNews | vor 810 Tagen
FTSE 100 Slips As Housebuilders Drag

(RTTNews) - U.K. stocks were subdued on Wednesday as Chinese trade figures disappointed and Halifax reported the first year-on-year decline in U.K. house prices since 2012, spurring fresh concerns about the economic outlook.

Housebuilders Persimmon, Berkeley Group Holdings and Taylor Wimpey fell 1-2 percent. The benchmark FTSE 100 was marginally lower at 7,622 after gaining 0.4 percent on Tuesday.

GSK edged up slightly after receiving authorization for its respiratory syncytial virus vaccine Arexvy from the European Commission.

Diageo dropped half a percent. The world's largest spirits company said that CEO Sir Ivan Manezes has passed away.

Online fashion group N Brown plunged 7 percent, a day after posting declines in full-year revenue and profit.

read more
Antipodean Currencies Traded Higher Amid Risk-on Mood

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.
RTTNews | vor 34 Minuten
Asian Shares Rise As Powell Signals Rate Cuts

Asian Shares Rise As Powell Signals Rate Cuts

Asian stocks rose broadly on Monday as Federal Reserve Chair Jerome Powell's dovish signals at the Jackson Hole symposium opened the door to an interest rate cut next month.
RTTNews | vor 1Std 54 Minuten
Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
RTTNews | vor 7Std 2 Minuten