FTSE 100 Edges Higher On Fed Rate Pause Bets

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FTSE 100 Edges Higher On Fed Rate Pause Bets

(RTTNews) - U.K. stocks rose on Thursday after a highly anticipated U.S. inflation report cemented the case for a Federal Reserve rate pause next week. Investors also awaited the ECB rate decision later in the day for direction.

The benchmark FTSE 100 was up 26 points, or 0.4 percent, at 7,552 after finishing marginally lower on Wednesday.

Trainline jumped more than 13 percent. The online rail ticket seller has unveiled a £50 million share buyback after reporting faster-than-expected growth in the first half of its financial year.

Online trading platform IG Group added 1.4 percent after reporting a marginal rise in Q1 revenue.

LondonMetric Property was slightly lower. The real estate investment trust has announced the sale of a portfolio of four multi-let industrial estates, to Hines, for 40.5 million pounds, reflecting a NIY of 6.2 percent.

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Bank Of England Holds Rate Steady On Higher Inflation

Bank Of England Holds Rate Steady On Higher Inflation

The Bank of England maintained interest rates unchanged on Thursday as inflation in the U.K. has remained persistently above the target and geopolitical tensions escalated, raising the upside risks to inflation. The BoE Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to hold the Bank Rate at 4.25 percent. Three members preferred to reduce the rate by 25 basis points.
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War Worries Weigh On CAC 40

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Mounting geopolitical tensions in the Middle East weighed heavily on market sentiment dragging the CAC 40 benchmark lower in the day's trade.
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Amidst growing uncertainty surrounding the raging Israel-Iran conflict, the DAX benchmark extended its losing streak for the third day.
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Swiss Franc Rises After SNB Monetary Policy Decision

Swiss Franc Rises After SNB Monetary Policy Decision

The Swiss franc strengthened against other major currencies in the European session on Thursday, despite the Swiss National Bank reduced its policy rate by a quarter-point, citing easing inflationary pressures.
RTTNews | il y a 3h 27min
Swiss Central Bank Lowers Policy Rate To Zero As Expected

Swiss Central Bank Lowers Policy Rate To Zero As Expected

The Swiss National Bank reduced its policy rate to zero on Thursday as inflation turned negative and the currency strengthened further amid global trade tensions. The bank decided to lower the SNB policy rate by 0.25 percentage points to zero percent. This was the sixth consecutive reduction. The bank has reduced the key rate by 175 basis points since March 2024.
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Sensex, Nifty Cut Early Losses To End On Flat Note

Sensex, Nifty Cut Early Losses To End On Flat Note

Indian shares fluctuated before ending on a flat note Thursday. A cautious undertone prevailed as investors reacted to hawkish commentary from the Federal Reserve and rising tensions in the Middle East.
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