FTSE 100 Edges Higher On Fed Rate Pause Bets

RTTNews | 643 gün önce
FTSE 100 Edges Higher On Fed Rate Pause Bets

(RTTNews) - U.K. stocks rose on Thursday after a highly anticipated U.S. inflation report cemented the case for a Federal Reserve rate pause next week. Investors also awaited the ECB rate decision later in the day for direction.

The benchmark FTSE 100 was up 26 points, or 0.4 percent, at 7,552 after finishing marginally lower on Wednesday.

Trainline jumped more than 13 percent. The online rail ticket seller has unveiled a £50 million share buyback after reporting faster-than-expected growth in the first half of its financial year.

Online trading platform IG Group added 1.4 percent after reporting a marginal rise in Q1 revenue.

LondonMetric Property was slightly lower. The real estate investment trust has announced the sale of a portfolio of four multi-let industrial estates, to Hines, for 40.5 million pounds, reflecting a NIY of 6.2 percent.

read more
Bank Indonesia Holds Interest Rate Steady At 5.5% As Expected; Hints At Reduction

Bank Indonesia Holds Interest Rate Steady At 5.5% As Expected; Hints At Reduction

Indonesia's central bank left its benchmark interest rate unchanged on Wednesday after a quarter-point reduction in May and hinted at further reduction to support economic growth. The Bank Indonesia Board, led by Governor Perry Warjiyo, maintained the BI rate at 5.50 percent. The bank had reduced the rates twice this year, in May and January.
RTTNews | 38 dakika önce
CPI Softening Boosts FTSE 100

CPI Softening Boosts FTSE 100

Better-than-expected CPI readings from the U.K. bolstered sentiment, helping FTSE 100 outperform its peers.
RTTNews | 50 dakika önce
CAC 40 Retreats After Short-lived Rebound

CAC 40 Retreats After Short-lived Rebound

Despite attempting a rebound, the CAC 40 index that tracks the 40 largest French stocks based on the Euronext Paris has shed around half a percent in Wednesday's trading.
RTTNews | 1s 56 dakika önce
FDA Launches Commissioner's National Priority Voucher Program

FDA Launches Commissioner's National Priority Voucher Program

The U.S. Food and Drug Administration announced launch of a new program to issue Commissioner's National Priority Vouchers or CNPVs, which shortens review time significantly, with a view to support national health priorities. The new CNPV program, which will begin in 2025, aims to accelerate the drug review process for companies while maintaining the FDA's rigorous standards for safety, efficacy..
RTTNews | 2s 8 dakika önce
DAX Trades In The Red

DAX Trades In The Red

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading in the overnight red zone amidst war clouds intensifying in the Middle East.
RTTNews | 2s 34 dakika önce