FTSE 100 Slides Ahead Of Budget

RTTNews | 418 days ago
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.

read more
Sensex, Nifty Close On Firm Note For 2nd Straight Day

Sensex, Nifty Close On Firm Note For 2nd Straight Day

Indian shares closed on a firm note on Monday, gaining for a second straight session, as easing concerns about valuations of technology stocks and hopes of more monetary easing by the Federal Reserve following somewhat soft inflation data helped underpin sentiment.
RTTNews | 1h 3min ago
UK Q3 GDP Growth Confirmed At 0.1%

UK Q3 GDP Growth Confirmed At 0.1%

The UK economy registered a meager growth as initially estimated in the third quarter, the Office for National Statistics said on Monday. Gross domestic product grew by unrevised 0.1 percent sequentially, following the second quarter's 0.2 percent expansion. The growth was driven by increases in services and construction, while industrial output contracted.
RTTNews | 2h 46min ago
Pound Rises After U.K. GDP Data

Pound Rises After U.K. GDP Data

The British pound strengthened against other major currencies in the European session on Monday, following the release of the U.K. GDP figures in the third quarter of 2025.
RTTNews | 2h 51min ago
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.
RTTNews | 3h 6min ago
Australian Dollar Rises After PBoC Rate Decision

Australian Dollar Rises After PBoC Rate Decision

The Australian dollar strengthened against other major currencies in the Asian session on Monday, after China maintained its benchmark interest rates for the seventh straight month, as widely expected.
RTTNews | 3h 10min ago
Sensex, Nifty Up Firmly As Tech, Metal Stocks Rally

Sensex, Nifty Up Firmly As Tech, Metal Stocks Rally

Key Indian stock indexes Sensex and the Nifty50 remain firmly placed in positive territory Monday afternoon, holding their early gains intact thanks to sustained buying at several counters, amid rising optimism about more monetary easing by the Federal Reserve, and reacting to some encouraging corporate news.
RTTNews | 3h 21min ago
European Economic News Preview: UK Revised GDP Data Due

European Economic News Preview: UK Revised GDP Data Due

Revised GDP from the UK is the top economic news due on Monday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data for the third quarter. The initial estimate showed that the economy grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion.
RTTNews | 5h 4min ago
China Keeps Key Interest Rates Unchanged

China Keeps Key Interest Rates Unchanged

China maintained its benchmark interest rates for the seventh straight month, as widely expected, on Monday. The People's Bank of China left its one-year loan prime rate unchanged at 3.0 percent on Monday. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
RTTNews | 5h 35min ago