FTSE 100 Edges Higher In Cautious Trade

RTTNews | 27 gün önce
FTSE 100 Edges Higher In Cautious Trade

(RTTNews) - U.K. stocks were slightly higher on Thursday as investors kept a close eye on developments in the Middle East and awaited comments later today from Bank of England policymaker Megan Greene for further clues on when the central might lower interest rates.

The benchmark FTSE 100 was up 27 points, or 0.3 percent, at 7,874. after gaining 0.4 percent on Wednesday.

BP Plc dropped 1.2 percent and peer Shell gave up half a percent after a sharp fall in oil prices overnight on demand concerns.

easyJet rallied 3.3 percent after the airline forecast a smaller-than-expected winter loss.

Mining giant BHP fell about 1 percent after third-quarter iron ore production fell 7 percent.

Bp Announces Simplified Structure To Reduce Duplication, Reporting Line Complexity Gold miner Centamin lost almost 4 percent after Q1 production came in slightly below expectations.

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Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

The Switzerland market ended on a strong note on Wednesday as stocks kept edging higher and higher after opening marginally up. Data showing a smaller than expected increase in U.S. consumer prices in the month of April helped ease concerns about interest rates, and rendered the mood positive.
RTTNews | 6s 31 dakika önce
Soft Inflation Data, Retail Sales Pull Down U.S. Dollar

Soft Inflation Data, Retail Sales Pull Down U.S. Dollar

The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September.
RTTNews | 7s 30 dakika önce
U.S. Business Inventories Edge Down In Line With Estimates In March

U.S. Business Inventories Edge Down In Line With Estimates In March

The Commerce Department released a report on Wednesday showing a modest decrease in business inventories in the U.S. in the month of March. The report said business inventories edged by 0.1 percent in March after climbing by 0.3 percent in February. The dip matched economist estimates.
RTTNews | 8s 57 dakika önce
U.S. Homebuilder Confidence Unexpectedly Slumps In May

U.S. Homebuilder Confidence Unexpectedly Slumps In May

With higher mortgage rates weighing on sentiment, the National Association of Home Builders released a report on Wednesday showing an unexpected deterioration in U.S. homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index tumbled to 45 in May from 51 in April. Economists had expected the index to come in unchanged.
RTTNews | 9s 15 dakika önce
New York Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction

New York Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction

The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May. The New York Fed said its general business conditions index edged down to a negative 15.6 in May from a negative 14.3 in April, with a negative reading indicating contraction.
RTTNews | 9s 39 dakika önce
U.S. Retail Sales Unexpectedly Flat In April Amid Decrease In Auto Sales

U.S. Retail Sales Unexpectedly Flat In April Amid Decrease In Auto Sales

With a decrease in sales by motor vehicle and parts dealers offsetting increases in sales by other retailers, the Commerce Department released a report on Wednesday showing U.S. retail sales unexpectedly came in flat in the month of April. The Commerce Department said retail sales were virtually unchanged in April after climbing by a downwardly revised 0.6 percent in March.
RTTNews | 9s 53 dakika önce