FTSE 100 Edges Higher On Fed Rate Pause Bets

RTTNews | Pred 643 dňami
FTSE 100 Edges Higher On Fed Rate Pause Bets

(RTTNews) - U.K. stocks rose on Thursday after a highly anticipated U.S. inflation report cemented the case for a Federal Reserve rate pause next week. Investors also awaited the ECB rate decision later in the day for direction.

The benchmark FTSE 100 was up 26 points, or 0.4 percent, at 7,552 after finishing marginally lower on Wednesday.

Trainline jumped more than 13 percent. The online rail ticket seller has unveiled a £50 million share buyback after reporting faster-than-expected growth in the first half of its financial year.

Online trading platform IG Group added 1.4 percent after reporting a marginal rise in Q1 revenue.

LondonMetric Property was slightly lower. The real estate investment trust has announced the sale of a portfolio of four multi-let industrial estates, to Hines, for 40.5 million pounds, reflecting a NIY of 6.2 percent.

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Canadian Dollar Drops As Oil Prices Decline

Canadian Dollar Drops As Oil Prices Decline

The Canadian dollar weakened against its major counterparts in the New York session on Wednesday, as oil prices fell after rising in the previous session.
RTTNews | Pred 1 h 4 min
Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market was down again on Wednesday, spending the entire session under water and tracking most of the major European bourses to the downside.
RTTNews | Pred 1 h 11 min
U.S. Housing Starts Pull Back Sharply In May

U.S. Housing Starts Pull Back Sharply In May

The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May. The report said housing starts plunged by 9.8 percent to an annual rate of 1.256 million in May after jumping by 2.7 percent to a revised rate of 1.392 million in April.
RTTNews | Pred 5 h 58 min
U.S. Jobless Claims Pull Back Off Eight-Month High

U.S. Jobless Claims Pull Back Off Eight-Month High

First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week's revised level of 250,000.
RTTNews | Pred 6 h 1 min
UK Inflation Slows Slightly In May

UK Inflation Slows Slightly In May

UK consumer price inflation softened in May as the slowdown in transportation costs was largely offset by the rise in food prices and reinforced expectations that the Bank of England will maintain the interest rate steady this week. The consumer price index registered an annual increase of 3.4 percent, slightly slower than the 3.5 percent rise seen in April, the Office for National Statistics said
RTTNews | Pred 6 h 38 min