FTSE 100 Tumbles On Interest-rate Concerns

RTTNews | vor 580 Tagen
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.

read more
Japan Core Machinery Order Data Due On Thursday

Japan Core Machinery Order Data Due On Thursday

apan will on Thursday release March figures for core machinery orders, highlighting a busy day for Asia-Pacific economic activity. Orders are expected to slip 1.5 percent on month and 2.5 percent on year after rising 4.3 percent on month and 1.5 percent on year in February.
RTTNews | vor 34 Minuten
Pound Advances After U.K. Inflation Data

Pound Advances After U.K. Inflation Data

The pound was higher against its major counterparts in the New York session on Wednesday, after data showing an acceleration in consumer price inflation in the month of April.
RTTNews | vor 3Std 41 Minuten
Swiss Markets Ends Modestly Lower

Swiss Markets Ends Modestly Lower

The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
RTTNews | vor 5Std 20 Minuten
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment. A downward revision in U.S. federal deficit weighed as well.
RTTNews | vor 5Std 58 Minuten
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment. Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
RTTNews | vor 10Std 38 Minuten
UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
RTTNews | vor 11Std 28 Minuten
FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April. Investors are also reacting to some corporate earnings announcements.
RTTNews | vor 11Std 36 Minuten