FTSE 100 Drops On Growth Worries

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FTSE 100 Drops On Growth Worries

(RTTNews) - U.K. stocks slipped into the red on Wednesday after a survey showed U.K. private sector continued to grow in June, but at the slowest pace since March.

Weak service sector data from China also kept investors nervous.

The benchmark FTSE 100 was down 36 points, or half a percent, at 7,483 after ending 0.1 percent lower on Tuesday.

Impellam Group soared 8 percent after the talent acquisition and managed workforce solutions company confirmed that it is in discussions with HeadFirst Global in relation to a possible offer by HeadFirst.

Keller Group jumped 11.6 percent. Ahead of its interim results for the half year ended June 30, the geotechnical specialist contractor said that trading has been strong in the first half and it expects a record performance during the period.

Building materials specialist SIG slumped 10 percent after warning on profits.

Investment bank Numis was little changed despite warning of lower deal volumes in a deteriorating market.

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TSX Modestly Higher As Materials, Energy Stocks Gain

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The Canadian market is modestly higher Wednesday afternoon, lifted by strong gains in materials and energy sectors. The mood remains a bit cautious ahead of the Federal Bank's symposium in Jackson Hole, Wyoming, where several central bank chiefs including Fed Chair Jerome Powell are set to make speeches.
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Swiss Market Ends On Firm Note

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After a weak start and a subsequent drop to lower levels, the Switzerland market recovered and stayed subdued till around mid morning on Wednesday, but kept edging higher as the day progressed to eventually ended the session on a firm note. Optimism about a potential peace deal between Russia and Ukraine supported the market.
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European Stocks Closed On Mixed Note

European Stocks Closed On Mixed Note

European stocks turned in a mixed performance on Wednesday after another cautious session, as investors looked ahead to the Federal Reserve's Jackson Hole Symposium that gets underway on Thursday, and continued to focus on the developments on the trade and geopolitical front.
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Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

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Indonesia Unexpectedly Cuts Interest Rate

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Indonesia's central bank eased its monetary policy unexpectedly on Wednesday in order to bolster economic growth amid inflation remaining well within the target range. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to cut the BI rate by 25 basis points to 5.0 percent.
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Bay Street Likely To Open On Subdued Note

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Canadian shares look headed for a somewhat subdued start on Wednesday as investors, looking for further progress in geopolitical and trade talks, are likely to remain largely cautious with their moves. Energy and gold stocks may attract buyers thanks to higher oil and bullion prices.
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