FTSE 100 Rallies On Dovish Fed Bets

RTTNews | Pred 620 dňami
FTSE 100 Rallies On Dovish Fed Bets

(RTTNews) - U.K. stocks traded higher on Friday amid expectations that the Federal Reserve may announce two rate cuts next year to support growth.

Meanwhile, investors shrugged off data showing that British retail sales volumes fell unexpectedly in October.

Retail sales volumes dropped 0.3 percent month-on-month after a revised 1.1 percent decline in September.

Economists had forecast a 0.3 percent rise in sales in October.

The benchmark FTSE 100 was up 64 points, or 0.9 percent, at 7,475 after losing 1 percent on Thursday.

FirstGroup rose nearly 3 percent. The transport operator has announced partnership with Hitachi ZeroCarbon Limited as part of the company's decarbonization program.

Hill & Smith added 2.5 percent. The engineering and construction company has acquired the business and assets of United Fiberglass from a charitable foundation for $14 million in cash.

Drug major AstraZeneca rose 1.4 percent after the U.S.FDA approved its Truqap (capivasertib) in combination with Faslodex (fulvestrant) to treat patients with advanced hormone receptor or HR-positive breast cancer.

London Stock Exchange Group fell over 1 percent after saying it remains on track to achieve guidance for 2023.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming is early losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,700 level, with weakness in financial and technology stocks partially offset by some gains in energy stocks.
RTTNews | Pred 58 minútami
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the U.S. interest rate decision later in the week and as they await the outcome of the U.S.-China trade talks. Meanwhile, several European leaders voiced concerns over the EU-U.S. trade deal, calling it 'lopsided' and 'unsustainable'.
RTTNews | Pred 1 h 5 min
Thai Shares Likely To Remain Rangebound

Thai Shares Likely To Remain Rangebound

Ahead of Monday's holiday for King Maha's birthday, the Thai stock market had alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had spiked more than 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,215-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | Pred 2 h 21 min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling well above the 39,700 level, with weakness across all sectors led by automakers, exporters and financial stocks.
RTTNews | Pred 2 h 50 min
Win Streak May End For Indonesia Stock Market

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in four straight sessions, advancing more than 260 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,610-point plateau although investors are likely to cash in on Tuesday.
RTTNews | Pred 2 h 51 min
Hong Kong Shares Tipped To Open Under Pressure

Hong Kong Shares Tipped To Open Under Pressure

The Hong Kong stock market rebounded on Monday, one session after ending the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just above the 25,560-point plateau although it may hand back those gains on Tuesday.
RTTNews | Pred 3 h 6 min
China Shares May Head South Again On Tuesday

China Shares May Head South Again On Tuesday

The China stock market moved back to the upside again on Monday, one session after halting the six-day winning streak in which it had advanced more than 100 points or 2.8 percent. The Shanghai Composite Index now sits just beneath the 3,600-point plateau although it may spin its wheels again on Tuesday.
RTTNews | Pred 3 h 21 min