FTSE 100 Edges Higher On Fed Rate Optimism

RTTNews | 1070 gün önce
FTSE 100 Edges Higher On Fed Rate Optimism

(RTTNews) - U.K. stocks rose slightly on Thursday as Fed Chair Jerome Powell's dovish remarks on the pace of rate hikes offset disappointing house price data.

According to Nationwide, British house prices tumbled 1.4 percent in November compared with October, marking the biggest monthly drop since June 2020.

The benchmark FTSE 100 edged up 16 points, or 0.2 percent, to 7,589 after closing 0.8 percent higher on Wednesday.

Energy stocks fell as oil prices dipped amid uncertainty about OPEC's decision on production at the Sunday meeting. BP Plc dropped 1 percent and Shell lost 1.4 percent.

Lender HSBC declined 1.2 percent after it agreed to sell its business in Canada to Royal Bank of Canada.

Online grocer Ocado jumped almost 7 percent after launching a new supplier insights product to help drive sales and increase revenue.

Components maker Essentra rose over 2 percent after buying Wixroyd Group, a supplier of industrial parts for the engineering sector.

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Australia Trade Data Due On Thursday

Australia Trade Data Due On Thursday

Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In August, imports rose 3.2 percent on month and exports fell 7.8 percent for a trade surplus of A$1.825 billion.
RTTNews | 1s 10 dakika önce
European Stocks Shrug Off Early Weakness, Close Higher

European Stocks Shrug Off Early Weakness, Close Higher

European stocks recovered after a weak start and settled on a positive note on Wednesday, as investors tracked steady U.S. markets and indulged in some bargain hunting at several counters.
RTTNews | 5s 23 dakika önce
TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.
RTTNews | 6s 16 dakika önce
U.S. Service Sector Activity Returns To Expansion In October

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The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
RTTNews | 8s 20 dakika önce
U.S. Private Sector Employment Rebounds More Than Expected In October

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.
RTTNews | 9s 3 dakika önce