FTSE 100 Gains In Cautious Trade

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FTSE 100 Gains In Cautious Trade

(RTTNews) - U.K. stocks were moving higher on Wednesday, as investors picked up consumer discretionary stocks heading into the festive weekend.

In economic releases, the U.K. budget deficit was the biggest for the month of November, data from the Office for National Statistics revealed earlier today.

Public sector net borrowing excluding banks increased by GBP 13.9 billion from the last year to GBP 22.0 billion. This was the biggest November borrowing since monthly records began in 1993.

The benchmark FTSE 100 was up 32 points, or 0.4 percent, at 7,402 after finishing 0.1 percent higher the previous day.

Ferrexpo rallied 1.7 percent after saying it was now receiving sufficient levels of power to bring one iron ore pelletizer line in central Ukraine back into operation.

Bunzl was little changed after saying that operating margins in 2022 would be slightly ahead of previous guidance and in line with 2021.

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European Economic News Preview: BoE Likely To Cut Rates

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.
RTTNews | il y a 1h 0min
European Shares Poised For Mixed Open

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.
RTTNews | il y a 1h 25min
Sensex, Nifty Open Lower On Tariff Concerns

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.
RTTNews | il y a 2h 32min
Australian Market Extends Early Losses In Mid-market

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.
RTTNews | il y a 3h 29min
Asian Markets Trade Mostly Higher

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.
RTTNews | il y a 3h 56min
Thai Stock Market May See Continued Support On Thursday

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 | il y a 4h 59min