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FTSE 100 Slips Into Red After Recent Rally
(RTTNews) - U.K. stocks traded slightly lower on Thursday after three days of gains.
The benchmark FTSE 100 was down 19 points, or 0.3 percent, at 7,467 after gaining 0.6 percent on Wednesday.
Oil & gas stocks fell, with BP Plc and Shell falling 1-2 percent as Brent crude futures fell below $81 a barrel on signs of higher U.S. supply.
Luxury fashion brand Burberry plummeted 8.2 percent after a warning that it might not meet its full-year revenue growth target for fiscal 2024.
Halma, a life-saving technology company, jumped more than 5 percent after posting record first-half results.
Insurer Aviva rose more than 1 percent after confirming full-year targets.
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Bay Street Likely To Open With Negative Gap
Sharply lower Canadian and U.S. futures and weak commodity prices point to a gap down opening on Bay Street Tuesday morning.
The focus will be on the Federal Budget to be presented by Canadian Prime Minister Mark Carney today.
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1h 12min ago
Uber Q3 Profit Surges On Higher Trips, Sees Growth In Q4; But Stock Drops
Uber Technologies, Inc. reported Tuesday significantly higher profit in its third quarter as revenues beat market estimates, benefited by strong growth in trips. Bookings also were higher than last year, and the ride-hailing and food delivery company issued fourth-quarter outlook, expecting a growth. Meanwhile, the shares were losing around 5 percent in the pre-market activity.
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1h 41min ago
FTSE 100 Drifts Lower; Miners Among Notable Losers
The U.K. market is down in negative territory on Monday, weighed down by losses in the mining sector. The mood remains quite cautious amid concerns about global economic growth as several central banks, including the Federal Reserve and the European Central Bank signaling that further interest rate cuts are unlikely in the coming months.
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2h 32min ago
CAC 40 Drops To 3-week Low On Widespread Selling
France's CAC 40 index dropped to a three-week low on Tuesday with investors choosing to trim down positions in riskier assets amid concerns about the potential impact of the government shutdown in the U.S., some hawkish comments from Fed officials and mixed corporate earnings from the region.
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2h 57min ago
DAX Down Sharply As Stocks Tumble On Growth Worries
The German market is down sharply in negative territory on Tuesday with stocks from across several sectors reeling under pressure as investors react to mixed earnings updates, and weak U.S. manufacturing data and hawkish comments from some Fed officials.
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3h 39min ago
Sensex Drops Over 500 Points; Nifty Ends Below 25,600
Indian shares ended Tuesday's session lower after three top Federal Reserve officials pushed back against expectations of another interest rate cut in December.
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4h 6min ago
Indian Rupee Rises To 5-day High Against U.S. Dollar
The Indian rupee strengthened against the U.S. dollar in the Asian session on Tuesday, in anticipation that the Reserve Bank of India (RBI) has intervened in the currency market to boost the Indian Rupee.
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4h 19min ago
Commodity Currency's Slide Amid Risk-Off Sentiment
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Tuesday, as Asian stocks traded lower as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.
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4h 45min ago
