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FTSE 100 Little Changed As Commodity Stocks Drag
(RTTNews) - U.K. stocks were little changed on Wednesday as energy stocks fell after a sharp decline in oil prices overnight.
The benchmark FTSE 100 was marginally higher at 7,563 after climbing 1.4 percent in the previous session.
Oil & gas firm BP Plc lost 3 percent and Shell declined 2.7 percent as oil prices fell nearly 2 percent in European trade, after having fallen more than 4 percent in the U.S. trading session amid a deteriorating fuel demand outlook in China.
Miners Anglo American and Antofagasta both fell around 1 percent while commodity trading and mining firm Glencore lost nearly 5 percent.
Banks HSBC Holdings and Barclays rose around 1 percent each on expectations that they would benefit from higher interest rates.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Wednesday.
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hace 24 minutos
U.S. Dollar Rises Amid Reduced Bet On Fed Rate Cut, FOMC Minutes
The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday, due to reduced bets on the U.S. Fed's more aggressive policy easing.
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hace 39 minutos
Yen Rises Amid BoJ Rate Hike Speculation
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, as traders expect that the Bank of Japan (BoJ) may raise interest rates by the end of the year in accordance with its policy normalization path.
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hace 1h 2min
European Shares Edge Lower Following US Tech Selloff
European stocks were subdued on Wednesday after closing at five-month high in the previous session on news of a potential Ukraine-Russia summit.
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hace 1h 16min
UK Inflation Hits 18-Month High
UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
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hace 1h 31min
Asian Shares Mixed As Tech Stocks Track Declines In US Peers
Asian stocks ended mixed on Wednesday as investors locked in profits in tech stocks amid concerns over valuations and reports of potential U.S. government equity stakes in major chipmakers.
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hace 1h 42min
Australian Dollar Falls Amid RBA Rate Cut Speculation
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated.
Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
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hace 2h 20min
New Zealand Hints At More Interest Rate Cuts
The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
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hace 2h 35min
