FTSE 100 Rises Ahead Of Central Bank Decisions

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FTSE 100 Rises Ahead Of Central Bank Decisions

(RTTNews) - U.K. stocks were seeing modest gains on Wednesday as investors looked ahead to interest-rate decisions from the Federal Reserve, the European Central Bank and the Bank of England.

Meanwhile, U.K. shop price inflation hit a record high in January as retailers offered fewer discounts amid rising input costs, data published by the British Retail Consortium showed earlier today.

The BRC- NielsenIQ shop price index rose 8.0 percent on a yearly basis in January following a 7.3 percent gain in December.

The benchmark FTSE 100 was up 14 points, or 0.2 percent, at 7,785 after losing 0.2 percent in the previous session.

Trading and mining firm Glencore was marginally higher after reporting production figures for 2022 which were largely in line with guidance provided for in October.

Telecom major Vodafone Group fell 2.5 percent after Q3 revenue growth slowed.

Sports-betting and gaming group Entain rallied 2.4 percent after lifting its profit outlook.

Halma added 2.5 percent after announcing it has acquired a manufacturer of fire detection products in a £22m deal.

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ECB Leaves Rates Unchanged As Expected

ECB Leaves Rates Unchanged As Expected

The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.
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UK Private Sector Growth Moderates On Services Activity

UK Private Sector Growth Moderates On Services Activity

UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
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Bay Street Likely To Open On Mixed Note; Trade Talks, Earnings In Focus

Bay Street Likely To Open On Mixed Note; Trade Talks, Earnings In Focus

Canadian shares are likely to open on a mixed note Thursday morning with investors focusing on trade talks between Canadian and U.S. officials, and reacting to the latest batch of economic data. The focus will also be on U.S. President Donald Trump's visit to the Federal Reserve today. Ahead of next week's policy meeting of the Fed, the visit looks significant.
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Eurozone Private Sector Growth At 11-Month High

Eurozone Private Sector Growth At 11-Month High

The euro area private sector grew at the fastest pace in almost a year in July as the recession in the manufacturing sector is coming to an end, flash survey results from S&P Global revealed Thursday. The HCOB composite output index posted 51.0 in July, up from 50.6 in the previous month. A score above 50.0 signals expansion.
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Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell International Inc. (HON), which is preparing to separate into three public companies, on Thursday lifted its fiscal 2025 outlook for earnings and revenues after reporting higher second-quarter results above market estimates. In pre-market activity on the Nasdaq, Honeywell shares were losing around 1.4 percent.
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FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

U.K. stocks are up firmly in positive territory Thursday morning amid easing concerns about trade, as the U.S. and EU appear set to strike a deal sometime soon. Investors are also reacting to earnings updates and the latest batch of regional economic data.
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Deutsche Bank Shares Up On Highest Q2 Profit Since 2007; Maintains FY25 Guidance

Deutsche Bank Shares Up On Highest Q2 Profit Since 2007; Maintains FY25 Guidance

Shares of Deutsche Bank AG were gaining around 7 percent in the morning trading in Germany and around 6 percent in the pre-market activity on the NYSE, after the banking major reported Thursday a net profit in its second quarter, compared to prior year's loss, mainly on the non-recurrence of a litigation provision, and higher revenues.
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