FTSE 100 Rallies On Rate Cut Hopes

RTTNews | 557 दिनों पहले
FTSE 100 Rallies On Rate Cut Hopes

(RTTNews) - U.K. stocks rallied on Tuesday while the British pound slipped as new data showed a cooling trend in the labor market, prompting traders to reassess their expectations for rate cuts.

The unemployment rate increased in January and wage growth slowed, leading to speculation that there will be three rate cuts from the Bank of England this year. The first one is expected to come in June.

The ILO jobless rate rose to 3.9 percent in three months to January from 3.8 percent in the prior period, the Office for National Statistics reported while analysts saw an unhanged reading.

The benchmark FTSE 100 was up 65 points, or 0.9 percent, at 7,735 after closing up 0.1 percent on Monday.

Energy stocks traded higher, with BP Plc rising 1.3 percent and Shell adding 0.8 percent as oil prices rose amid heightened geopolitical tensions in the Middle East. TI Fluid Systems fell more than 1 percent after reporting its full-year earnings results.

Infrastructure products and services provider Hill & Smith jumped 3.6 percent after reporting record annual results.

Housebuilder Persimmon tumbled 3.7 percent after it narrowly missed market views for last year's pretax profit and revenue.

read more
Swiss Market Ends Higher For 2nd Straight Session

Swiss Market Ends Higher For 2nd Straight Session

The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.
RTTNews | 20घंटे 19 मिनट पहले
Major European Markets Close Slightly Weak

Major European Markets Close Slightly Weak

The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
RTTNews | 20घंटे 44 मिनट पहले
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices. The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
RTTNews | 21घंटे 50 मिनट पहले
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
RTTNews | 1 दिन पहले
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
RTTNews | 1 दिन पहले
FTSE 100 Recovers After Slight Setback, Up Marginally At Noon

FTSE 100 Recovers After Slight Setback, Up Marginally At Noon

After an early modest upmove, the U.K. market slipped into negative territory Friday morning, but recovered ground subsequently to emerge above the flat thanks to selective buying at a few frontline counters.
RTTNews | 1 दिन पहले
Pound Slides As UK Bond Yield Soars

Pound Slides As UK Bond Yield Soars

The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
RTTNews | 1 दिन पहले