FTSE 100 Gains Ahead Of Powell's Speech

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FTSE 100 Gains Ahead Of Powell's Speech

(RTTNews) - U.K. stocks advanced on Wednesday as investors awaited U.S. Federal Reserve Chair Jerome Powell's speech later in the day for interest-rate clues.

In economic news, U.K. shop prices grew at the fastest pace since records began in 2005 largely due to rising food and energy prices, the British Retail Consortium said.

Shop price inflation accelerated to 7.4 percent in November from 6.6 percent in October. This was above the three-month average rate of 6.5 percent.

The benchmark FTSE 100 rose 34 points, or half a percent, to 7,546 after rising half a percent on Tuesday.

Water and waste management company Pennon Group tumbled 5 percent after reporting a decline in pretax profit for the first half of fiscal 2023.

AstraZeneca gained half a percent after selling its manufacturing site in West Chester, Ohio to National Resilience, Inc.

Property investment and development firm SEGRO added half a percent after announcing the launch and pricing of 350 million pounds, 19-year senior unsecured bond issue.

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Swiss Markets Ends Modestly Lower

Swiss Markets Ends Modestly Lower

The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
RTTNews | il y a 1h 34min
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment. A downward revision in U.S. federal deficit weighed as well.
RTTNews | il y a 2h 12min
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment. Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
RTTNews | il y a 6h 52min
UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
RTTNews | il y a 7h 42min
FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April. Investors are also reacting to some corporate earnings announcements.
RTTNews | il y a 7h 50min
CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
RTTNews | il y a 8h 22min
Sensex, Nifty Snap Three-day Losing Streak

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | il y a 8h 29min