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FTSE 100 Tumbles Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks fell sharply on Thursday ahead of the Bank of England rate announcement due at noon. Analysts expect another 25-bps rate hike coupled with cautious commentary around the economy.
The benchmark FTSE 100 was down 141 points, or 1.9 percent, at 7,132 after closing 1.2 percent higher on Wednesday.
Fashion retailer ASOS plunged 27 percent and rival Boohoo slumped 18 percent after both reported slowing sales.
CRH, a building materials business, fell 2.6 percent after it has entered into arrangements with UBS A.G., London Branch to repurchase shares on CRH's behalf for up to $300 million.
BHP shares fell over 2 percent. The miner announced it will retain New South Wales Energy Coal in its portfolio.
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European Shares Set To Extend Losses Amid Risk Aversion
European stocks are seen opening on a cautious note Tuesday as concerns persist over tech valuations and the outlook for U.S. interest rates.
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1g 38 minut temu
Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Tuesday.
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1g 45 minut temu
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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1g 54 minut temu
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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2g 0 minut temu
Indian Shares Open Lower As Investors Await Nvidia Earnings And US Jobs Data
Indian shares opened lower on Tuesday, mirroring weak cues from global markets as investors braced for delayed September U.S. jobs data and earnings from Nvidia.
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2g 34 minut temu
Australian Market Extends Early Sharp Losses In Mid-market
The Australian stock market is extending its early sharp losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near 8,500 level, with weakness across most sectors led by mining and technology stocks.
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3g 32 minut temu
Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns about the market valuation, especially among technology shares, and the diminishing prospects of an interest rate cut by the US Fed next month. The US dollar also strengthened against major currencies in the region. Asian markets closed mixed on Monday.
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3g 56 minut temu
Indian Shares Set To Follow Global Peers Lower
Indian shares look set to open on a sluggish note Tuesday as concerns prevail over tech valuations and the outlook for U.S. interest rates.
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4g 26 minut temu
