FTSE 100 Slumps Dragged Down By Banks

RTTNews | hace 822
FTSE 100 Slumps Dragged Down By Banks

(RTTNews) - U.K. stocks tumbled on Friday as banks plummeted on concerns over the health of the U.S. financial sector.

Investors also looked ahead to the release of a key U.S. jobs report later in the day that could shed further light on the rate outlook.

The benchmark FTSE 100 was down 149 points, or 1.9 percent, at 7,731 after losing 0.6 percent on Thursday.

Barclays, Lloyds, Standard Chartered and Natwest lost 3-4 percent after SVB Financial Group, which specializes in venture-capital financing, announced it had suffered significant losses on its portfolio.

Separately, crypto banking giant Silvergate said it planned to close as the sector faces more turmoil, raising concerns about the wider financial sector.

Berkeley Group Holdings was little changed. The housebuilder maintained its 2023 outlook despite a slowdown in the property sector.

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RTTNews | hace 3h 16min
European Stocks Close Weak After Cautious Session

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RTTNews | hace 9h 23min
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | hace 10h 34min
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | hace 10h 56min
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | hace 11h 16min