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FTSE 100 Notably Higher; Next Slumps After Warning Of Difficult Year
(RTTNews) - U.K. stocks advanced on Wednesday, as banking fears continued to ease and data showed U.K. mortgage approvals rose more than expected in February, despite higher borrowing costs.
The benchmark FTSE 100 was up 48 points, or 0.7 percent, at 7,533 after gaining 0.2 percent on Tuesday.
Oil & gas firm Shell rose 1.1 percent as oil prices rose for a third straight session on industry data showing a drop in U.S. crude inventories.
Next slumped 5.6 percent after the clothing retailer kept its guidance for a 1.5 percent decline in full-price sales and profit of 795 million pounds for 2023-24.
Components and solutions provider Essentra added 1.2 percent after launching a share buyback.
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FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower
U.K. stocks are somewhat subdued in lackluster trade on Wednesday as investors remain a bit reluctant to make significant moves due to a lack of triggers.
The benchmark FTSE 100 was at 9,266.25 a little before noon, up 0.45 points over previous close.
RTTNews
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Pred 45 minútami
CAC 40 Advances After Recent Losses
Despite the uncertainty on the political front, the French market is up in positive territory on Wednesday due largely to some bargain hunting at several counters after two successive days of declines. Investors are also looking ahead to AI giant Nvidia's earnings updates.
RTTNews
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Pred 1 h 0 min
DAX Remains Weak Despite Paring Some Early Losses
German stocks are down in negative territory in cautious trade on Wednesday amid political uncertainty in France ahead of a confidence vote early next month, and anxiety ahead of Nvidia's earnings for clues on the AI trade.
RTTNews
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Pred 1 h 16 min
Mixed Sentiment In Asian Markets
Asian markets moved in a mixed fashion on Wednesday amidst anxiety ahead of release of earnings update by chip-giant NVIDIA.
RTTNews
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Pred 1 h 27 min
Euro Falls Against Majors
The euro weakened against other major currencies in the European session on Wednesday.
RTTNews
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Pred 1 h 28 min
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday.
RTTNews
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Pred 4 h 7 min
German GfK Consumer Confidence To Fall Further
German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.
RTTNews
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Pred 4 h 16 min
European Markets Seen Opening Mildly Positive On Wednesday
Equity markets in Europe are expected to open on a positive note on Wednesday amidst waning risk aversion.
RTTNews
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Pred 4 h 27 min
