FTSE 100 Gains On Early Rate Cut Hopes

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FTSE 100 Gains On Early Rate Cut Hopes

(RTTNews) - U.K. stocks traded higher on Friday after data showed British retail sales declined more than expected at the end of the year, increasing the odds of an early rate cut by the Bank of England.

Retail sales declined 3.2 percent on month in December, reversing the 1.4 percent increase in November. The decline was also bigger than forecast of 0.5 percent drop.

On a yearly basis, overall retail sales declined 2.4 percent after a 0.2 percent gain.

The benchmark FTSE 100 was up 46 points, or 0.6 percent, at 7,505 after closing 0.2 percent higher on Thursday.

In corporate news, food delivery company Deliveroo edged up slightly after saying it expects 2023 earnings slightly ahead of guidance.

4imprint Group shares jumped 12 percent. The direct marketer of promotional products said that it is expecting profit as well as revenue for the full year to increase from last year.

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Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Indian shares look set to open on a positive note Monday after S&P Global Ratings upgraded India's sovereign ratings, citing buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment.
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Thai Shares May Tick Lower Again On Monday

Thai Shares May Tick Lower Again On Monday

The Thai stock market has finished lower in two straight sessions, slipping almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau and it figures to remain rangebound again on Monday.
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Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Monday, extending the gains in the previous session, following the mixed cues from Wall Street on Friday, with the Nikkei 225 moving above the 43,500 level to fresh all-time highs, with gains in automakers and exporters partially offset by weakness in financial and technology stocks.
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Indonesia Bourse May Extend Losing Streak

Indonesia Bourse May Extend Losing Streak

The Indonesia stock market on Friday snapped the five-day winning streak in which it had surged more than 440 points or 5.8 percent. The Jakarta Composite Index now sits just beneath the 7,900-point plateau and it's likely to remain stuck in neutral again on Monday.
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Hong Kong Shares May See Continued Consolidation On Monday

Hong Kong Shares May See Continued Consolidation On Monday

The Hong Kong stock market has moved lower in consecutive trading days, slumping more than 340 points or 1.5 percent along the way. The Hang Seng Index now rests just above the 25,270-point plateau and it may continue to sputter on Monday.
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Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is slightly higher on Monday after opening in the red, extending the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with a mixed performance across most sectors.
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China Bourse: Resistance Expected At 3,700 Points

China Bourse: Resistance Expected At 3,700 Points

The China stock market bounced higher again on Friday, one day after snapping the three-day winning streak in which it had gained almost 50 points or 1.4 percent. The Shanghai Composite Index now sits just beneath the 3,700-point plateau although it may had back those gains on Monday.
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Lower Open Predicted For Taiwan Stock Market

Lower Open Predicted For Taiwan Stock Market

The Taiwan stock market rebounded on Friday, one day after ending the five-day winning streak in which it had rallied more than 910 points or 3.9 percent. The Taiwan Stock Exchange now sits just above the 24,330-point plateau although it may head south again on Monday.
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