FTSE 100 Drops On Growth Worries

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FTSE 100 Drops On Growth Worries

(RTTNews) - U.K. stocks slipped into the red on Wednesday after a survey showed U.K. private sector continued to grow in June, but at the slowest pace since March.

Weak service sector data from China also kept investors nervous.

The benchmark FTSE 100 was down 36 points, or half a percent, at 7,483 after ending 0.1 percent lower on Tuesday.

Impellam Group soared 8 percent after the talent acquisition and managed workforce solutions company confirmed that it is in discussions with HeadFirst Global in relation to a possible offer by HeadFirst.

Keller Group jumped 11.6 percent. Ahead of its interim results for the half year ended June 30, the geotechnical specialist contractor said that trading has been strong in the first half and it expects a record performance during the period.

Building materials specialist SIG slumped 10 percent after warning on profits.

Investment bank Numis was little changed despite warning of lower deal volumes in a deteriorating market.

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New Zealand Trade Data On Tap For Thursday

New Zealand Trade Data On Tap For Thursday

New Zealand will on Thursday release July numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In June, imports were worth NZ$6.49 billion and exports were at NZ$6.63 billion for a trade surplus of NZ$142 million.
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Swiss Franc Jumps Against Majors

Swiss Franc Jumps Against Majors

The Swiss franc jumped against its major counterparts in the New York session on Wednesday.
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Fed Minutes Reveal Details Behind Split Interest Rate Decision

Fed Minutes Reveal Details Behind Split Interest Rate Decision

The minutes of the Federal Reserve's latest monetary policy meeting revealed most officials still see the upside risk to inflation as the bigger threat to the economic outlook, although a couple were more worried about the downside risk to employment.
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TSX Modestly Higher As Materials, Energy Stocks Gain

TSX Modestly Higher As Materials, Energy Stocks Gain

The Canadian market is modestly higher Wednesday afternoon, lifted by strong gains in materials and energy sectors. The mood remains a bit cautious ahead of the Federal Bank's symposium in Jackson Hole, Wyoming, where several central bank chiefs including Fed Chair Jerome Powell are set to make speeches.
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Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a weak start and a subsequent drop to lower levels, the Switzerland market recovered and stayed subdued till around mid morning on Wednesday, but kept edging higher as the day progressed to eventually ended the session on a firm note. Optimism about a potential peace deal between Russia and Ukraine supported the market.
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European Stocks Closed On Mixed Note

European Stocks Closed On Mixed Note

European stocks turned in a mixed performance on Wednesday after another cautious session, as investors looked ahead to the Federal Reserve's Jackson Hole Symposium that gets underway on Thursday, and continued to focus on the developments on the trade and geopolitical front.
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Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Shares of Target Corp. were losing around 11 percent in the pre-market activity on the NYSE, after the retail major reported Wednesday lower profit and comparable sales in its second quarter. However, earnings per share and top line beat market estimates, and the firm maintained its fiscal 2025 outlook. Separately, Target announced the appointment of Michael Fiddelke, chief operating officer,
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