FTSE 100 Slips Ahead Of Fed, BoE Meetings

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FTSE 100 Slips Ahead Of Fed, BoE Meetings

(RTTNews) - U.K. stocks fell in cautious trade on Monday, as investors braced for a 75-100 bps rate hike by the U.S. Federal Reserve at the end of a two-day policy meeting on Wednesday.

Also, the Bank of England meets on Thursday, with markets split on whether the central bank will raise rates by 50 or 75 basis points ahead of a mini budget to be unveiled by the new Chancellor of the Exchequer Kwasi Kwarteng on Friday. The BoE meeting is delayed by a week after the death of Queen Elizabeth II.

The benchmark FTSE 100 dropped 45 points, or 0.6 percent, to 7,236 after closing 0.6 percent lower on Friday.

City of London Investment Trust shares fell around 1 percent. The company reported that its fiscal 2022 net return before taxation declined to 100.47 million pounds from last year's 267.16 million pounds.

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Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Monday, extending the gains in the previous two sessions, following the mixed cues from Wall Street on Friday, with the Nikkei 225 moving above the 37,600 level, with gains in index heavyweights, technology and financial stocks.
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Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, extending the gains in the previous three sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 8,300.00 level, with gains across most sectors led by iron ore miners and energy stocks.
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Hong Kong Shares Due For Consolidation

Hong Kong Shares Due For Consolidation

The Hong Kong stock market has tracked higher in seven straight sessions, soaring more than 900 points or 4.1 percent along the way. The Hang Seng Index now sits just above the 22,865-point plateau although investors figure to lock in gains on Monday.
RTTNews | 1h 15minuter sedan
Lower Open Likely For China Stock Market

Lower Open Likely For China Stock Market

The China stock market on Friday wrote a finish to the three-day winning streak in which it had gathered more than 70 points or 2.2 percent. The Shanghai Composite Index now rests just above the 3,340-point plateau and it's expected to open to the downside again on Monday.
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Taiwan Bourse May Hand Back Friday's Gains

Taiwan Bourse May Hand Back Friday's Gains

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had slumped more than 260 points or 1.3 percent. The Taiwan Stock Exchange now sits just above the 20,915-point plateau, although it's likely to head south again on Monday.
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Japan Overall Bank Lending Slows To 2.4% In April

Japan Overall Bank Lending Slows To 2.4% In April

The value of overall bank lending in Japan slowed for the second straight month, rising just 2.4 percent on year to 636.545 trillion yen, the Bank of Japan said on Monday.
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Japan Shares May Be Stuck In Neutral On Monday

Japan Shares May Be Stuck In Neutral On Monday

The Japanese stock market has moved higher in two straight sessions, rallying more than 720 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 37,500-point plateau although the rally may stall on Monday.
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