FTSE 100 Tumbles On Interest-rate Concerns

RTTNews | 679 hari yang lalu
FTSE 100 Tumbles On Interest-rate Concerns

(RTTNews) - U.K. stocks tumbled on Thursday as a continued sell-off in bond markets stoked concerns about the outlook for interest rates and economic growth.

U.S. Treasury yields jumped to 16-year highs as investors await Fed Chair Jerome Powell's speech in New York later in the day for additional clues on the Fed's rate trajectory.

The benchmark FTSE 100 was down 73 points, or 1 percent, at 7,514 after declining 1.1 percent in the previous session.

McBride shares jumped 22 percent. The household and personal products business said that the favorable trading environment and momentum of the second half of fiscal 2023 has continued into the first quarter of fiscal 2024.

Retail-investment platform Hargreaves Lansdown slumped 4.6 percent after new client growth slowed during the first quarter. Gold miner declined 2.4 percent after pretax profit and revenue fell in the third quarter.

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Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
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Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

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Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
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Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

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Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
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Hong Kong Shares May Stop The Bleeding On Friday

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Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.
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