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FTSE 100 Little Changed In Cautious Trade
(RTTNews) - U.K. stocks were little changed in cautious trade on Wednesday as investors awaited the outcome of key meetings at the Federal Reserve and the Bank of England.
The benchmark FTSE 100 was marginally higher at 7,192 after rallying 1.3 percent on Tuesday.
Paper packaging giant Smurfit Kappa tumbled 3.2 percent despite delivering strong performance for the first nine months of 2022.
Next, the clothing and homeware chain, jumped 2.4 percent after maintaining its profit guidance for the year.
Luxury car maker Aston Martin Lagonda slumped 12 percent after its loss for the third quarter more than doubled.
Pharmaceutical and biotechnology firm GSK rose 1.2 percent after lifting its 2022 sales growth outlook.
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European Shares Inch Lower As Focus Shifts To Inflation Readings
European stocks drifted lower on Monday ahead of key inflation releases from Germany, France, Italy, and Spain due later in the week.
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Asian Shares Rise As Powell Signals Rate Cuts
Asian stocks rose broadly on Monday as Federal Reserve Chair Jerome Powell's dovish signals at the Jackson Hole symposium opened the door to an interest rate cut next month.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Monday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Monday.
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European Shares Seen Lower At Open As Nvidia Earnings Loom
European stocks are seen opening broadly lower on Monday as investors look ahead to a busy week of economic data and await Nvidia earnings.
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Sensex, Nifty Open Higher On Firm Global Cues; IT Stocks Lead Gains
Indian shares opened higher on Monday, mirroring positive cues from global markets amid renewed optimism over a potential U.S. Federal Reserve rate cut.
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Australian Market Slashes Early Gains In Mid-market
The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
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