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FTSE 100 Tumbles Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks fell sharply on Thursday ahead of the Bank of England rate announcement due at noon. Analysts expect another 25-bps rate hike coupled with cautious commentary around the economy.
The benchmark FTSE 100 was down 141 points, or 1.9 percent, at 7,132 after closing 1.2 percent higher on Wednesday.
Fashion retailer ASOS plunged 27 percent and rival Boohoo slumped 18 percent after both reported slowing sales.
CRH, a building materials business, fell 2.6 percent after it has entered into arrangements with UBS A.G., London Branch to repurchase shares on CRH's behalf for up to $300 million.
BHP shares fell over 2 percent. The miner announced it will retain New South Wales Energy Coal in its portfolio.
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CAC 40 Down Nearly 2% As Stocks Fall On Tariff Woes
French stocks are reeling under a severe selling pressure on Friday with U.S. President Donald Trump's announcement of sweeping new tariffs hurting investor sentiment.
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vor 12 Minuten
Sensex Falls 585 Points On Tariff Concerns; Nifty Ends Below 24,600
Indian shares fell notably on Friday to extend losses from the previous session, with tariff worries and continued foreign portfolio outflows keeping investors on edge.
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vor 13 Minuten
DAX Down 1.7% As Stocks Tumble On Rising Tariff Concerns
German stocks are down sharply on Friday due to heavy selling across the board amid rising trade tensions following U.S. President Donald Trump announcing sharply higher tariffs on dozens of countries, including Canada and Switzerland. Trump also confirmed a 15% tariff on EU imports.
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vor 35 Minuten
European Shares Slide On Tariff Worries; Pharma Stocks Slump
European stocks fell sharply to hit three-week lows on Friday as investors assessed the potential economic impact of fresh U.S. levies on dozens of countries, including a 39 percent rate on Switzerland.
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vor 1Std 15 Minuten
Asian Shares Retreat As Trump Unveils New Tariffs
Asian stocks fell on Friday as higher U.S. tariffs kicked in and a private survey showed China's manufacturing activity returned to contractionary territory in July as a result of softening new business growth.
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vor 1Std 50 Minuten
UK House Price Growth Accelerates In July
UK house prices grew at a faster pace in July reflecting steadily improving housing affordability and moderate fall in mortgage rates, Nationwide Building Society said on Friday. House prices increased 2.4 percent on a yearly basis in July, following June's 2.1 percent increase. Prices were expected to climb at a steady pace of 2.1 percent in July.
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vor 3Std 45 Minuten
China Manufacturing Activity Slips Into Contraction
China's factory activity contracted in July as softening new orders forced manufacturers to scale back production and staffing, purchasing managers' survey results from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index fell to 49.5 in July from 50.4 in June. The latest score suggested contraction in the sector.
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vor 4Std 7 Minuten
European Economic News Preview: Eurozone Flash Inflation Data Due
Flash inflation and final Purchasing Managers' survey data from the euro area are the top economic news due on Friday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to rise 2.1 percent on a yearly basis in July, the same rate as seen in June. At 3.15 am ET, S&P Global publishes Spain's manufacturing PMI data. The index is forecast to rise to 51.7 in July.
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vor 4Std 38 Minuten
