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FTSE 100 Notably Higher; Next Slumps After Warning Of Difficult Year
(RTTNews) - U.K. stocks advanced on Wednesday, as banking fears continued to ease and data showed U.K. mortgage approvals rose more than expected in February, despite higher borrowing costs.
The benchmark FTSE 100 was up 48 points, or 0.7 percent, at 7,533 after gaining 0.2 percent on Tuesday.
Oil & gas firm Shell rose 1.1 percent as oil prices rose for a third straight session on industry data showing a drop in U.S. crude inventories.
Next slumped 5.6 percent after the clothing retailer kept its guidance for a 1.5 percent decline in full-price sales and profit of 795 million pounds for 2023-24.
Components and solutions provider Essentra added 1.2 percent after launching a share buyback.
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Swiss Franc Advances Against Majors
The Swiss franc climbed against its major counterparts in the New York session on Wednesday.
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hace 1h 29min
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
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hace 5h 7min
Euro Falls Amid Political Uncertainty
The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
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hace 9h 22min
Bay Street Likely To Open On Positive Note
Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.
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hace 9h 48min
European Stocks Turning In Mixed Performance
European stocks are turning in a mixed performance on Wednesday as political uncertainty in France, and a lack of any significant positive triggers render the mood cautious. Investors are also awaiting earnings updates from AI major NVIDIA.
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hace 10h 15min
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower
U.K. stocks are somewhat subdued in lackluster trade on Wednesday as investors remain a bit reluctant to make significant moves due to a lack of triggers.
The benchmark FTSE 100 was at 9,266.25 a little before noon, up 0.45 points over previous close.
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hace 11h 4min
CAC 40 Advances After Recent Losses
Despite the uncertainty on the political front, the French market is up in positive territory on Wednesday due largely to some bargain hunting at several counters after two successive days of declines. Investors are also looking ahead to AI giant Nvidia's earnings updates.
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hace 11h 19min
DAX Remains Weak Despite Paring Some Early Losses
German stocks are down in negative territory in cautious trade on Wednesday amid political uncertainty in France ahead of a confidence vote early next month, and anxiety ahead of Nvidia's earnings for clues on the AI trade.
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hace 11h 35min
