FTSE 100 Declines As US Rate Cut Hopes Fade
(RTTNews) - U.K. stocks fell on Wednesday as strong U.S. data and mixed comments from Federal Reserve officials dented investor hopes for a rate cut in June.
The benchmark FTSE 100 was down 36 points, or half a percent, at 7,898 after declining 0.2 percent in the previous session.
Engineer Renishaw plunged 4.2 percent after Germany's Siemens said it does not intend to make an offer for the company.
Low-cost airline Wizz Air Holdings was little changed after unveiling passenger traffic and load factor figures for March.
Topps Tiles declined 1.5 percent after the tiles retailer reported lower half-yearly sales and issued a profit warning.
Meat, seafood and meat alternatives group Hilton Food lost 4.3 percent after reporting modest top-line growth in 2023.
U.S. Dollar Falls Against Euro, Pound
Swiss Market Ends On Weak Note
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
