FTSE 100 Rallies On Rate Cut Hopes

RTTNews | 560日前
FTSE 100 Rallies On Rate Cut Hopes

(RTTNews) - U.K. stocks rallied on Tuesday while the British pound slipped as new data showed a cooling trend in the labor market, prompting traders to reassess their expectations for rate cuts.

The unemployment rate increased in January and wage growth slowed, leading to speculation that there will be three rate cuts from the Bank of England this year. The first one is expected to come in June.

The ILO jobless rate rose to 3.9 percent in three months to January from 3.8 percent in the prior period, the Office for National Statistics reported while analysts saw an unhanged reading.

The benchmark FTSE 100 was up 65 points, or 0.9 percent, at 7,735 after closing up 0.1 percent on Monday.

Energy stocks traded higher, with BP Plc rising 1.3 percent and Shell adding 0.8 percent as oil prices rose amid heightened geopolitical tensions in the Middle East. TI Fluid Systems fell more than 1 percent after reporting its full-year earnings results.

Infrastructure products and services provider Hill & Smith jumped 3.6 percent after reporting record annual results.

Housebuilder Persimmon tumbled 3.7 percent after it narrowly missed market views for last year's pretax profit and revenue.

read more
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

The Switzerland market closed on a weak note on Tuesday after a choppy ride as stocks turned in a mixed performance.
RTTNews | 41分前
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday with investors digesting the latest batch of regional economic data, and picking up stocks amid expectations of more monetary easing by the Federal Reserve.
RTTNews | 1時1分前
Powell Warns There's 'No Risk-Free Path' For Interest Rates

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
RTTNews | 1時34分前
Hungary Holds Rates Steady As Inflation Expected To Remain High

Hungary Holds Rates Steady As Inflation Expected To Remain High

The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.
RTTNews | 2時8分前
Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
RTTNews | 5時35分前
Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
RTTNews | 6時15分前
Sweden Cuts Policy Rate By 25 Bps

Sweden Cuts Policy Rate By 25 Bps

Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
RTTNews | 6時20分前
FTSE 100 Flat; Kingfisher Soars On Higher Guidance

FTSE 100 Flat; Kingfisher Soars On Higher Guidance

U.K. stocks are turning in a mixed performance on Tuesday with investors digesting the flash data showing weak manufacturing and services sector activity in the month of September.
RTTNews | 7時14分前