FTSE 100 Gains Ahead Of Budget Statement

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FTSE 100 Gains Ahead Of Budget Statement

(RTTNews) - U.K. stocks rose slightly on Wednesday as Chancellor Jeremy Hunt delivers his 2024 Budget, with measures including further tax cuts and public spending reductions widely expected.

The benchmark FTSE 100 was up 16 points, or 0.2 percent, at 7,662 after finishing marginally higher the previous day. In corporate news, life insurer Legal & General tumbled 3.3 percent after posting flat operating profit for 2023.

Ricardo, a sustainable energy company, rose more than 2 percent after narrowing its first-half loss.

Paperboard and packing producer DS Smith added about 1 percent after it showcased a resilient Q3 with a positive outlook and strategic focus on pricing, efficiency, and sustainable solutions.

Tullow Oil lost nearly 4 percent after its pretax profit slumped on lower oil prices and impairments.

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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 2घंटे 21 मिनट पहले
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 2घंटे 49 मिनट पहले
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.
RTTNews | 5घंटे 34 मिनट पहले
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 6घंटे 36 मिनट पहले
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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