FTSE 100 Slips Ahead Of Fed, BoE Meetings

RTTNews | Pred 969 dňami
FTSE 100 Slips Ahead Of Fed, BoE Meetings

(RTTNews) - U.K. stocks fell in cautious trade on Monday, as investors braced for a 75-100 bps rate hike by the U.S. Federal Reserve at the end of a two-day policy meeting on Wednesday.

Also, the Bank of England meets on Thursday, with markets split on whether the central bank will raise rates by 50 or 75 basis points ahead of a mini budget to be unveiled by the new Chancellor of the Exchequer Kwasi Kwarteng on Friday. The BoE meeting is delayed by a week after the death of Queen Elizabeth II.

The benchmark FTSE 100 dropped 45 points, or 0.6 percent, to 7,236 after closing 0.6 percent lower on Friday.

City of London Investment Trust shares fell around 1 percent. The company reported that its fiscal 2022 net return before taxation declined to 100.47 million pounds from last year's 267.16 million pounds.

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Sensex, Nifty Close On Buoyant Note

Sensex, Nifty Close On Buoyant Note

Despite a sharp setback early on in the session and a subsequent volatile spell during which the market climbed higher but faltered again, the Indian stock market closed on a firm note on Thursday. Recent soft inflation data from Indian and the U.S., and the progress in U.S.-China trade talks contributed significantly to market's rise.
RTTNews | Pred 24 minútami
Weak Sentiment In Asian Markets

Weak Sentiment In Asian Markets

Sentiment in Asian markets remains subdued as markets digested the latest actions on the trade tariff front.
RTTNews | Pred 25 minútami
Commodity Currencies Slide, Yen Rises Amid Cautious Trade

Commodity Currencies Slide, Yen Rises Amid Cautious Trade

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, as traders remain cautious amid continued uncertainty surrounding U.S. President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K.
RTTNews | Pred 2 h 56 min
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | Pred 5 h 11 min
European Markets Seen Opening Weak On Thursday

European Markets Seen Opening Weak On Thursday

Stock markets in Europe are expected to open on a weak note on Thursday amidst fading enthusiasm regarding the de-escalation in global trade tensions. Absence of fresh catalysts on the trade front, a cooling tech rally as well as anxiety ahead of a speech by Fed Chair Jerome Powell are also expected to keep market sentiment muted.
RTTNews | Pred 5 h 12 min