FTSE 100 Slides Ahead Of Budget

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FTSE 100 Slides Ahead Of Budget

(RTTNews) - U.K. stocks traded lower on Wednesday ahead of the first Labour party budget in 14 years.

U.K. Chancellor of the Exchequer will present her Autumn Budget 2024 to Parliament at 8.30 am ET.

The benchmark FTSE 100 was down 29 points, or 0.4 percent, at 8,190 after falling 0.8 percent in the previous session.

In corporate news, GSK shares tumbled 3.4 percent. The pharmaceutical company swung into a loss in the third quarter and lowered its 2024 vaccine sales forecast.

Standard Chartered rallied 3 percent. The lender upgraded its 2024 income guidance after profits in the third quarter beat market estimates.

Miner Glencore added 1.7 percent as it maintained production forecast for the current year.

Retail bellwether Next gained 1.6 percent after raising outlook for third time in three months.

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FTSE 100 Moderately Higher On Easing Trade Tensions

FTSE 100 Moderately Higher On Easing Trade Tensions

The U.K. market is moderately higher Friday afternoon, led by gains in stocks from financials and healthcare sectors. Easing concerns about U.S.-China trade tensions, and Mid-East worries contribute to the firm undertone in the market.
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CAC 40 Up Nearly 1.5%

CAC 40 Up Nearly 1.5%

Despite data showing an acceleration in the nation's consumer price inflation, and a deterioration in Eurozone economic sentiment, French stocks are notably higher on Friday thanks to easing trade tensions after the U.S. struck a deal with China to expedite rare earth shipments.
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Sensex Rises Over 300 Points; Nifty Ends Above 25,600

Sensex Rises Over 300 Points; Nifty Ends Above 25,600

Indian shares rose modestly on Friday, with underlying sentiment supported by a sharp fall in crude oil prices this week and a weakening dollar on hopes for more Fed rate cuts this year.
RTTNews | 2घंटे 22 मिनट पहले
Nike Stock Gains Despite Weak Q4 Results, Q1 Outlook; Sees $1 Bln Tariff Impact

Nike Stock Gains Despite Weak Q4 Results, Q1 Outlook; Sees $1 Bln Tariff Impact

Shares of Nike Inc. were up around 11 percent in the extended trading on Thursday on the NYSE and are currently gaining around 10 percent in pre-market activity, despite reporting a sharply lower fourth-quarter results with the biggest hit from its turnaround plan. Further, the sportswear giant projects weak margin and sales in its first quarter, but slower than the preceding quarter.
RTTNews | 2घंटे 52 मिनट पहले
Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

The Swiss franc strengthened against other major currencies in the European session on Friday.
RTTNews | 3घंटे 2 मिनट पहले
French Inflation Accelerates In June

French Inflation Accelerates In June

France's inflation accelerated more than expected in June largely due to higher services costs but the overall rate remained below the 2 percent target, preliminary estimate from the statistical office INSEE showed on Friday. Consumer prices increased 0.9 percent year-on-year in June, faster than the 0.7 percent rise in May. The rate was forecast to remain unchanged at 0.7 percent.
RTTNews | 3घंटे 32 मिनट पहले
European Shares Surge As Sino-US Tensions Ease

European Shares Surge As Sino-US Tensions Ease

European stocks advanced on Friday after a White House official said the United States has struck a deal with China to expedite rare earth shipments, marking a significant step towards resolving their ongoing trade war.
RTTNews | 3घंटे 47 मिनट पहले
DAX Up Nearly 1% Amid Easing Trade Tensions

DAX Up Nearly 1% Amid Easing Trade Tensions

German stocks are up firmly in positive territory Friday morning amid progress in U.S.-China trade talks ahead of the July 9 deadline. Easing concerns about Middle East tensions contribute as well to the positive mood in the market.
RTTNews | 3घंटे 52 मिनट पहले