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FTSE 100 Slips Ahead Of Fed, BoE Meetings

RTTNews | 968 days ago

FTSE 100 Slips Ahead Of Fed, BoE Meetings

(RTTNews) - U.K. stocks fell in cautious trade on Monday, as investors braced for a 75-100 bps rate hike by the U.S. Federal Reserve at the end of a two-day policy meeting on Wednesday.

Also, the Bank of England meets on Thursday, with markets split on whether the central bank will raise rates by 50 or 75 basis points ahead of a mini budget to be unveiled by the new Chancellor of the Exchequer Kwasi Kwarteng on Friday. The BoE meeting is delayed by a week after the death of Queen Elizabeth II.

The benchmark FTSE 100 dropped 45 points, or 0.6 percent, to 7,236 after closing 0.6 percent lower on Friday.

City of London Investment Trust shares fell around 1 percent. The company reported that its fiscal 2022 net return before taxation declined to 100.47 million pounds from last year's 267.16 million pounds.

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E.ON Confirms Outlook After Higher Q1 Adj. Earnings

E.ON Confirms Outlook After Higher Q1 Adj. Earnings

German utility E.ON SE reported Wednesday a significant increase in its first-quarter adjusted earnings and Group EBITDA with growth in all three core segments. Further, the firm affirmed its guidance for 2025 and its outlook through 2028. On the XETRA in Germany, E.ON shares were gaining around 1.36 percent.

RTTNews | 3h 48min ago

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Wednesday.

RTTNews | 6h 12min ago

FTSE 100 Flat As Stocks Move In Tight Range

FTSE 100 Flat As Stocks Move In Tight Range

U.K. stocks are mostly subdued in lackluster trade on Wednesday as investors react to a mixed batch of earnings announcements, and await more economic data from the U.S., and clarity about Trump administration's stance on tariffs with regard to European countries.

RTTNews | 6h 47min ago

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

French stocks are exhibiting weakness on Wednesday, snapping a four-session winning streak, as investors focus on earnings and other corporate news, and await more economic data for directional clues. Some profit taking is also contributing to market's weakness.

RTTNews | 7h 7min ago

Sensex, Nifty End Choppy Session Modestly Higher

Sensex, Nifty End Choppy Session Modestly Higher

Indian shares ended modestly higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.

RTTNews | 7h 13min ago

DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings

DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings

German stocks are down in negative territory on Wednesday with investors mostly making cautious moves after recent gains in the wake of the U.S. and China striking a trade deal, and somewhat soft U.S. consumer price inflation data.

RTTNews | 7h 30min ago

European Shares Drift Lower In Lackluster Trade

European Shares Drift Lower In Lackluster Trade

European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.

RTTNews | 8h 22min ago

Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism

Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism

Asian stocks turned in a mixed performance on Wednesday as investors digested softer-than-expected inflation data from the U.S. and awaited more clarity on ongoing trade talks.

RTTNews | 8h 50min ago

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