FTSE 100 Gains Ahead Of Budget Statement

RTTNews | 541 dias atrás
FTSE 100 Gains Ahead Of Budget Statement

(RTTNews) - U.K. stocks rose slightly on Wednesday as Chancellor Jeremy Hunt delivers his 2024 Budget, with measures including further tax cuts and public spending reductions widely expected.

The benchmark FTSE 100 was up 16 points, or 0.2 percent, at 7,662 after finishing marginally higher the previous day. In corporate news, life insurer Legal & General tumbled 3.3 percent after posting flat operating profit for 2023.

Ricardo, a sustainable energy company, rose more than 2 percent after narrowing its first-half loss.

Paperboard and packing producer DS Smith added about 1 percent after it showcased a resilient Q3 with a positive outlook and strategic focus on pricing, efficiency, and sustainable solutions.

Tullow Oil lost nearly 4 percent after its pretax profit slumped on lower oil prices and impairments.

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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 3 h 6 min atrás
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 3 h 49 min atrás
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 4 h 19 min atrás
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 5 h 32 min atrás