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FTSE 100 Slumps Dragged Down By Banks

RTTNews | hace 879

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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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

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The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | hace 50 minutos

U.S. Trade Deficit Narrows Slightly More Than Expected In June

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The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | hace 1h 54min

Eurozone Private Sector Continues To Expand

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RTTNews | hace 1h 57min

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | hace 2h 8min

FTSE 100 Advances On Upbeat Earnings

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RTTNews | hace 2h 37min

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | hace 2h 48min

CAC 40 Modestly Higher

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RTTNews | hace 3h 8min

Pound Rises Against Majors

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The British pound strengthened against other major currencies in the European session on Tuesday.

RTTNews | hace 3h 40min

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