FTSE 100 Edges Lower As IMF Slashes Growth Outlook

RTTNews | 955 일 전
FTSE 100 Edges Lower As IMF Slashes Growth Outlook

(RTTNews) - U.K. stocks opened lower on Tuesday after the International Monetary Fund (IMF) said the British economy will shrink by 0.6 percent in 2023, rather than grow slightly as previously predicted, reflecting high energy prices and factors such as high inflation. The benchmark FTSE 100 was down 45 points, or 0.6 percent, at 7,740 after gaining 0.3 percent in the previous session.

British American Tobacco dropped half a percent after announcing an overhauling of its management structure.

Johnson Matthey was slightly lower after announcing a long-term strategic partnership with Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy.

Ricardo gained about 1 percent after keeping its FY guidance unchanged.

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European Markets Close Mostly Flat

European Markets Close Mostly Flat

The major European markets closed roughly flat on Friday as the mood turned cautious with investors awaiting Fitch's review of France's sovereign rating. Shares from automobile, banking and healthcare sectors were among the laggards, while mining stocks found fairly good support.
RTTNews | 5 시간 18 분 전
Canadian Market Drifts Lower On Profit Taking

Canadian Market Drifts Lower On Profit Taking

Despite rising odds of interest rate cuts by the Bank of Canada and the Federal Reserve next week, the Canadian market is down in negative territory on Friday, taking a breather after consistently hitting record highs over the past several sessions.
RTTNews | 6 시간 12 분 전
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews | 7 시간 53 분 전
UK Economy Flatlines In July

UK Economy Flatlines In July

The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews | 9 시간 26 분 전
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
RTTNews | 10 시간 5 분 전
Russia Central Bank Cuts Rate By 100 Bps

Russia Central Bank Cuts Rate By 100 Bps

Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
RTTNews | 10 시간 18 분 전