FTSE 100 Falls As Rising Crude Oil Prices Spotlight Inflation

RTTNews | 742 dias atrás
FTSE 100 Falls As Rising Crude Oil Prices Spotlight Inflation

(RTTNews) - FTSE 100 of the London Stock Exchange declined 0.68 percent amidst renewed concerns over inflation triggered by the rise in crude oil prices. Crude oil prices rose amidst supply concerns exacerbated by Saudi Arabia and Russia extending production cuts to the end of the year.

FTSE 100 oscillated between 7,437.93 and 7,369.64 versus the previous day's closing level of 7,437.93.

The benchmark index of the London Stock Exchange is currently trading at 7,387.26, having declined 0.68 percent on an overnight basis.

In the 100-scrip index, only 22 are trading in the overnight green zone.

Specialty chemicals business Johnson Mathey gained close to 3 percent. B&M European Value Retail, Sage Group and Segro, all gained more than 1 percent.

Prudential, Burberry Group, International Consolidated Airlines Group, ABRDN, 3I Group and Persimmon, all declined more than 2 percent.

Amidst the Dollar Index slipping 0.16 percent to 104.64, the GBP/USD pair decreased 0.13 percent overnight to 1.2547.

Yields on U.K.'s ten-year bonds hardened much more than its European peers, spiking 0.77 percent to trade at 4.5590 percent.

Data released earlier had shown the S&P Global/CIPS UK Construction PMI declining to 50.8 in August, from 51.7 in July, and versus market expectations of 50.5.

read more
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending its early losses in mid-market moves on Thursday, adding to the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, as markets digested a softer-than-expected domestic jobs report, with weakness across most sectors led by mining and energy stocks.
RTTNews | 16 minutos atrás
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after the US Fed delivered a widely expected quarter point interest rates cut to 4.0 percent, citing a shift in the balance of risks. The latest projections from Fed officials also suggest they expect the central bank to lower rates two more times this year.
RTTNews | 30 minutos atrás
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares look set to open on a positive note on Thursday, tracking mixed cues from global markets.
RTTNews | 1 h 8 min atrás
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 45,000 mark, with gains across most sectors led by exporters and technology stocks.
RTTNews | 1 h 59 min atrás
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness across most sectors led by mining and energy stocks.
RTTNews | 2 h 40 min atrás
U.S. Dollar Advances After Fed Decision

U.S. Dollar Advances After Fed Decision

The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.
RTTNews | 5 h 16 min atrás
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
RTTNews | 9 h 15 min atrás
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.
RTTNews | 9 h 41 min atrás