FTSE 100 Slides Ahead Of Budget

RTTNews | vor 238 Tagen
FTSE 100 Slides Ahead Of Budget

(RTTNews) - U.K. stocks traded lower on Wednesday ahead of the first Labour party budget in 14 years.

U.K. Chancellor of the Exchequer will present her Autumn Budget 2024 to Parliament at 8.30 am ET.

The benchmark FTSE 100 was down 29 points, or 0.4 percent, at 8,190 after falling 0.8 percent in the previous session.

In corporate news, GSK shares tumbled 3.4 percent. The pharmaceutical company swung into a loss in the third quarter and lowered its 2024 vaccine sales forecast.

Standard Chartered rallied 3 percent. The lender upgraded its 2024 income guidance after profits in the third quarter beat market estimates.

Miner Glencore added 1.7 percent as it maintained production forecast for the current year.

Retail bellwether Next gained 1.6 percent after raising outlook for third time in three months.

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Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market bounced higher again on Wednesday, one day after snapping the two-day winning streak in which it had picked up almost a dozen points or 0.7 percent. The Kuala Lumpur Composite Index now sits just shy of the 1,520-point plateau and it figures to remain rangebound again on Thursday.
RTTNews | vor 33 Minuten
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has moved higher in back-to-back sessions, collecting almost 600 points or 1.5 percent along the way. The Nikkei 225 now sits just above the 38,940-point plateau although the rally may stall on Thursday.
RTTNews | vor 48 Minuten
KOSPI May Spin Its Wheels On Thursday

KOSPI May Spin Its Wheels On Thursday

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 95 points or 3 percent in that span. The KOSPI now sits just beneath the 3,110-point plateau although it may be stuck in neutral on Thursday.
RTTNews | vor 1Std 3 Minuten
Singapore Industrial Production Data Due On Thursday

Singapore Industrial Production Data Due On Thursday

Singapore will on Thursday release May figures for industrial production, highlighting a light day for Asia-Pacific economic activity. Output is expected to sink 2.5 percent on month and rise 2.6 percent on year after climbing 5.3 percent on month and 5.9 percent on year in April.
RTTNews | vor 2Std 3 Minuten
Euro Climbs Against Majors

Euro Climbs Against Majors

The euro firmed against its major counterparts in the New York session on Wednesday.
RTTNews | vor 4Std 55 Minuten
Swiss Stock Market Hands Back Tuesday's Gains

Swiss Stock Market Hands Back Tuesday's Gains

The Swiss stock market was unable to extend gains from the previous session, turning lower again on Wednesday - one day after halting the seven-day losing streak in which it had stumbled more than 465 points or 4 percent.
RTTNews | vor 7Std 21 Minuten
U.S. New Home Sales Pull Back More Than Expected In May

U.S. New Home Sales Pull Back More Than Expected In May

A report released by the Commerce Department on Wednesday showed a substantial pullback by new home sales in the U.S. in the month of May. The Commerce Department said new home sales plunged by 13.7 percent to an annual rate of 623,000 in May after spiking by 9.6 percent to a revised rate of 722,000 in April.
RTTNews | vor 9Std 23 Minuten