FTSE 100 Declines On Interest-rate Concerns

RTTNews | 705 일 전
FTSE 100 Declines On Interest-rate Concerns

(RTTNews) - U.K. stocks fell notably on Thursday as housebuilders suffered heavy losses on interest-rate concerns, more than offsetting gains in the energy sector.

The benchmark FTSE 100 was down 63 points, or 0.8 percent, at 7,530 after losing 0.4 percent the previous day.

Housebuilder Taylor Wimpey fell over 2 percent and Barratt Developments plummeted 6.5 percent on concerns over rising borrowing costs.

BP Plc and Shell were seeing modest gains after crude prices surged to the highest level in more than a year.

Drinks giant Diageo was down 0.7 percent despite backing its annual outlook.

888 Holdings, a betting and gaming company, plunged 17 percent after trimming its full-year earnings guidance.

Lender HSBC Holdings edged down slightly after reports that it is likely to buy Citigroup's China consumer wealth management business. Insurer Phoenix Group Holdings lost 6.2 percent after reporting a narrow pre-tax loss for the first-half of 2023.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

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Lower Open Called For Hong Kong Stock Market

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Australian Market Notably Lower

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Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.
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