FTSE 100 Little Changed In Lackluster Trade

RTTNews | Pred 1026 dňami
FTSE 100 Little Changed In Lackluster Trade

(RTTNews) - U.K. stocks were little changed in lackluster trade on Monday ahead of a busy week that includes interest-rate decisions from the U.S. Federal Reserve and the Bank of England.

The benchmark FTSE 100 was marginally lower at 7,042 after declining 0.4 percent on Friday.

International Distribution Services — formerly Royal Mail — jumped 6.2 percent after its largest labor union, the Communications Workers Union (CWU), has withdrawn its planned strike action in Britain in the next two weeks.

Engineering company IMI fell over 1 percent after it agreed to acquire New York-based micro-fluid flow control business CorSolutions.

Heat treatment specialist Bodycote tumbled 2.8 percent after naming Ben Fidler as its next chief financial officer, succeeding Dominique Yates who announced his intention to retire earlier this year.

read more
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | Pred 49 minútami
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | Pred 6 h 20 min
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | Pred 8 h 28 min
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | Pred 12 h 51 min
U.S. Dollar Rises Ahead Of Fed's Powell Speech

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews | Pred 12 h 54 min
CAC 40 Up Slightly In Lackluster Trade

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
RTTNews | Pred 13 h 12 min