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FTSE 100 Tumbles Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks fell sharply on Thursday ahead of the Bank of England rate announcement due at noon. Analysts expect another 25-bps rate hike coupled with cautious commentary around the economy.
The benchmark FTSE 100 was down 141 points, or 1.9 percent, at 7,132 after closing 1.2 percent higher on Wednesday.
Fashion retailer ASOS plunged 27 percent and rival Boohoo slumped 18 percent after both reported slowing sales.
CRH, a building materials business, fell 2.6 percent after it has entered into arrangements with UBS A.G., London Branch to repurchase shares on CRH's behalf for up to $300 million.
BHP shares fell over 2 percent. The miner announced it will retain New South Wales Energy Coal in its portfolio.
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EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges
The European Commission said the euro area economy is set to grow more than projected in spring this year driven by a surge in exports ahead of anticipated tariff increases and higher investment in equipment and intangible assets. In the Autumn Forecast released on Monday, the EU raised its economic growth outlook for the current year to 1.3 percent from 0.9 percent.
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2 ชม. 6 นาทีที่ผ่านมา
Bay Street Likely To See Mixed Start
Canadian stocks are likely to open on a mixed note on Monday, tracking the trend in European markets and commodity prices. Canadian inflation data, due this morning, could significantly impact the mood. Investors will also be looking ahead to some crucial economic data this week.
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2 ชม. 13 นาทีที่ผ่านมา
FTSE 100 Drifts Lower In Cautious Trade; WPP Rises Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Monday as investors await fresh economic data for directional clues. Worries about AI bubble and uncertainty about upcoming policy moves of major central banks, including the Federal Reserve, also contribute to the cautious mood in the market.
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2 ชม. 44 นาทีที่ผ่านมา
CAC 40 Modestly Lower
French stocks are languishing in negative territory a little past noon on Monday with investors largely making cautious moves amid lingering concerns about Artificial Intelligence bubble, and a bit of uncertainty about the Federal Reserve's upcoming policy move.
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3 ชม. 16 นาทีที่ผ่านมา
Walmart's Black Friday Deals To Be Available On Nov. 25 To Nov. 30
With the holiday season nearing soon, retail behemoth Walmart, Inc. has unveiled thousands of Black Friday and Cyber Monday deals, promising bigger savings. The retailer's new Black Friday Deals are available starting November 25 to November 30, and exclusive Cyber Monday steals are dropping December 1. The Black Friday event starts online on Tuesday, November 25 at 12 a.m. ET...
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3 ชม. 54 นาทีที่ผ่านมา
Dollar Slips As Longest-ever Federal Shutdown Ends
The U.S. Dollar declined during the week ended November 17 as the longest ever shutdown of the U.S. government came to a close.
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4 ชม. 7 นาทีที่ผ่านมา
Indian Shares End Higher Despite Weak Global Cues
Indian shares eked out modest gains on Monday, with underlying sentiment supported by a resounding victory for the BJP-led NDA in the Bihar elections and optimism surrounding a potential India-U.S. trade deal.
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4 ชม. 40 นาทีที่ผ่านมา
European Shares Mixed In Lackluster Trade
European stocks were mixed on Monday due to concerns about an artificial intelligence bubble and global growth.
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6 ชม. 3 นาทีที่ผ่านมา
