FTSE 100 Slides Ahead Of Budget

RTTNews | il y a 239
FTSE 100 Slides Ahead Of Budget

(RTTNews) - U.K. stocks traded lower on Wednesday ahead of the first Labour party budget in 14 years.

U.K. Chancellor of the Exchequer will present her Autumn Budget 2024 to Parliament at 8.30 am ET.

The benchmark FTSE 100 was down 29 points, or 0.4 percent, at 8,190 after falling 0.8 percent in the previous session.

In corporate news, GSK shares tumbled 3.4 percent. The pharmaceutical company swung into a loss in the third quarter and lowered its 2024 vaccine sales forecast.

Standard Chartered rallied 3 percent. The lender upgraded its 2024 income guidance after profits in the third quarter beat market estimates.

Miner Glencore added 1.7 percent as it maintained production forecast for the current year.

Retail bellwether Next gained 1.6 percent after raising outlook for third time in three months.

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U.S. Pending Home Sales Unexpectedly Rebound In May

U.S. Pending Home Sales Unexpectedly Rebound In May

The National Association of Realtors released a report on Thursday showing an unexpected rebound by pending home sales in the U.S. in the month of May. NAR said its pending home sales index jumped by 1.8 percent to 72.6 in May after tumbling by 6.1 percent to a revised 71.3 in April.
RTTNews | il y a 2h 23min
U.S. Economy Shrinks More Than Previously Estimated In Q1

U.S. Economy Shrinks More Than Previously Estimated In Q1

Revised data released by the Commerce Department on Thursday showed the U.S. economy shrank by more than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product fell by 0.5 percent in the first quarter compared to the previously reported 0.2 percent dip. Economists had expected the decrease by GDP to be unrevised.
RTTNews | il y a 2h 26min
U.S. Durable Goods Orders Soar 16.4% In May, Much More Than Expected

U.S. Durable Goods Orders Soar 16.4% In May, Much More Than Expected

New orders for U.S. manufactured durable goods spiked by much more than expected in the month of May, according to a report released by the Commerce Department on Thursday. The report said durable goods orders soared by 16.4 percent in May after tumbling by a revised 6.6 percent in April.
RTTNews | il y a 2h 50min
U.S. Weekly Jobless Claims Unexpectedly Dip To 236,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 236,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly fell in the week ended June 21st. The Labor Department said initial jobless claims dipped to 236,000, a decrease of 10,000 from the previous week's revised level of 246,000.
RTTNews | il y a 3h 17min
Acuity Q3 Profit Weak, Adj. Profit Beats Street; Stock Gains

Acuity Q3 Profit Weak, Adj. Profit Beats Street; Stock Gains

Shares of Acuity Inc. were gaining around 6 percent in the early morning trading on the NYSE after the industrial technology company's third-quarter profit beat market estimates with strong year-over-year growth in net sales. The third-quarter profit on a reported basis, meanwhile, was lower than last year, hit by a significant charge related to Lighting segment.
RTTNews | il y a 3h 22min
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Higher Canadian and U.S. futures and firm oil and metal prices point to a positive start for Canadian stocks on Thursday. However, a lack of significant positive triggers could cap market's upside.
RTTNews | il y a 4h 14min