FTSE 100 Grappling With Restrictive Monetary Policy

RTTNews | 572 दिनों पहले

(RTTNews) - Euphoria over dovish comments by Fed officials and easing inflation in Europe failed to lift sentiment for the FTSE 100 benchmark of the London Stock Exchange. The index is still trading in the overnight negative zone. Bank of England Governor Andrew Bailey on Wednesday stated that the central bank would do what it takes to get inflation down to its 2% target, reiterating the focus on a restrictive monetary policy framework.

FTSE 100 oscillated between 7,455.44 and 7,408.79 as compared with the previous day's closing level of 7,455.24.

The benchmark index of the London Stock Exchange is currently trading at 7,446.77, having slipped 0.11 percent on an overnight basis.

In the 100-scrip index, 46 are trading in the overnight negative zone.

Ocado Group and Fresnillo have surged more than 4 percent. Rightmove and M&G have rallied more than 2 percent. Endeavour Mining, Rolls Royce Holdings, Diploma, AstraZeneca and Melrose Industries have all gained more than 1 percent.

Centrica, Standard Chartered and HSBC Holdings have slipped more than 2 percent. Aviva. Beazley, Entain and Rentokil Initial have also slipped close to 2 percent.

Amidst the Dollar Index rising 0.16 percent to 102.91, the GBP/USD pair decreased 0.09 percent overnight to 1.2681. The pair ranged between 1.2734 and 1.2674 in the day's trade.

Yields on U.K.'s ten-year bonds also eased, albeit on a lower scale amidst concerns about Bank of England's interest rate trajectory. Yields on U.K.'s ten-year bonds decreased 0.25 percent to 4.1635. It was 4.174 percent at the previous close.

Sensex, Nifty Rally As Geopolitical Tensions Ease

Indian shares opened on a buoyant note Tuesday after U.S. President Donald Trump said a "complete and total ceasefire" between Iran and Israel will take effect in the coming hours, sending oil prices plunging below the levels of June 12, which was the day Israel attacked Iran.

RTTNews | 1घंटे 10 मिनट पहले

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market trading on Tuesday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks amid tumbling crude oil prices.

RTTNews | 2घंटे 23 मिनट पहले

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react positively to reports that Israel and Iran have agreed to a "complete and total ceasefire" to be phased in over 24 hours. US Fed Vice Chair Michelle Bowman said she favored a rate cut "as soon" as July if inflationary pressures remain contained.

RTTNews | 2घंटे 38 मिनट पहले

Sensex, Nifty Set To Rally As Oil Prices Plunge On Iran-Israel Ceasefire

Indian shares look set to open sharply higher on Tuesday after U.S. President Donald Trump claimed on social media that Israel and Iran have agreed to a "complete and total ceasefire" to be phased in over 24 hours.

RTTNews | 3घंटे 10 मिनट पहले

Higher Open Called For Thai Stock Market

The Thai stock market has finished lower in eight straight sessions, slumping more than 80 points or 7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,060-point plateau and it's overdue for support on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3घंटे 40 मिनट पहले

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Tuesday, reversing some of the losses in the previous three sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 38,850 level, with gains across most sectors led by index heavyweights and technology stocks.

RTTNews | 3घंटे 56 मिनट पहले

Indonesia Stock Market Due For Support On Tuesday

The Indonesia stock market has tracked lower in four straight sessions, slumping almost 370 points or 4.8 percent in that span. The Jakarta Composite Index now sits just beneath the 6,790-point plateau although it's tipped to open in the green on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 4घंटे 10 मिनट पहले

Win Streak May Continue For Hong Kong Stock Market

The Hong Kong stock market has moved higher in back-to-back sessions, advancing more than 450 points of 1.9 percent along the way. The Hang Seng Index now sits just beneath the 23,690-point plateau and it's expected to see additional support on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 4घंटे 25 मिनट पहले

EURUSD	1.16065	GBPUSD	1.35668	AUDUSD	0.64944
USDJPY	145.418	USDCAD	1.37193	USDCHF	0.81184

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FTSE 100 Grappling With Restrictive Monetary Policy