FTSE 100 Rallies On Rate Cut Hopes

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(RTTNews) - U.K. stocks rose notably on Thursday after Bank of England (BoE) Governor Andrew Bailey said that U.K. inflation is fading more rapidly than central bankers expected, boosting bets on another rate cut on Nov. 7.

"Disinflation is happening I think faster than we expected it to, but we have still genuine question marks about whether there have been some structural changes in the economy," he was quoted as saying at an event organized by the Institute of International Finance in Washington DC.

Meanwhile, investors shrugged of the results of a survey that showed U.K. business growth hit a 11-month low in October.

The benchmark FTSE 100 was up 63 points, or 0.8 percent, at 8,321 after falling 0.6 percent the previous day.

Indivior jumped 9 percent after the addiction treatment specialist reported a strong third-quarter performance.

Fund manager Abrdn plunged 8 percent as it reported deeper than expected outflows of client funds in the third quarter.

Essentra gained about 1 percent. The essential components manufacturer said that FY24 adjusted operating profits would be in line with market expectations.

GSK was also up 1 percent after announcing new positive data for RSV vaccine, Arexvy in younger adults.

Distribution and outsourcing firm Bunzl fell 2.4 percent despite reiterating its full-year guidance.

Lender Barclays soared nearly 4 percent after third-quarter profit beat expectations. Global miner Anglo American surged 4.1 percent after raising platinum and nickel production guidance.

Consumer goods giant Unilever gained 3.9 percent as it reported slightly better-than-expected underlying quarterly sales.

European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade

European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.

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Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

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Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 2घंटे 12 मिनट पहले

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 2घंटे 33 मिनट पहले

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 3घंटे 4 मिनट पहले

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 4घंटे 12 मिनट पहले

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 4घंटे 14 मिनट पहले

EURUSD	1.16441	GBPUSD	1.34683	AUDUSD	0.6482
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