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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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European Economic News Preview: BoE Likely To Cut Rates
The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
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hace 1h 10min
European Shares Poised For Mixed Open
European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
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hace 1h 35min
Sensex, Nifty Open Lower On Tariff Concerns
Indian shares opened a tad lower on Thursday after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
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hace 2h 43min
Australian Market Extends Early Losses In Mid-market
The Australian market is extending early losses in mid-market moves on Thursday, snapping a three session winning streak, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in iron ore miners and energy stocks.
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hace 3h 39min
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Thursday, despite the broadly positive cues from Wall Street overnight, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the US Fed cutting interest rates as early as September based on the recent economic data from the U.S.
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hace 4h 7min
Sensex, Nifty To Open On Sluggish Note As Investors Weigh Trump Tariffs
Indian shares look set to open lower on Thursday after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
RTTNews
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hace 4h 33min
Thai Stock Market May See Continued Support On Thursday
The Thai stock market has moved higher in three straight sessions, gathering more than 45 points or 3.9 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,265-point plateau and it's expected to extend its gains again on Thursday.
RTTNews
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hace 5h 10min
Australia June Trade Surplus A$5.365 Billion
Australia posted a seasonally adjusted merchandise trade surplus of A$5.365 billion in June, the Australian Bureau of Statistics said on Thursday.
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hace 5h 21min
