FTSE 100 Extends Losses On Fed Worries

RTTNews | 982 gün önce
FTSE 100 Extends Losses On Fed Worries

(RTTNews) - U.K. stocks fell on Wednesday to extend losses from the previous session, as investors braced for the Federal Reserve to deliver its third consecutive 0.75 percentage point rate hike at next week's FOMC meeting.

As inflation worries mount, the odds for a 100-basis-point rate hike have jumped.

Closer home, U.K. consumer price inflation slowed slightly in August from a 40-year high amid a fall in fuel prices, figures from the Office for National Statistics (ONS) showed earlier today.

Consumer price inflation unexpectedly slowed to 9.9 percent in August from 10.1 percent in July. The rate was forecast to rise slightly to 10.2 percent.

Another report from the ONS showed that factory gate inflation logged its first percentage point fall in the annual rate since May 2020, largely due to a fall in petroleum product prices.

Factory gate inflation eased to 16.1 percent from 17.1 percent in the prior month, while the rate was forecast to advance to 17.4 percent.

The benchmark FTSE 100 was down 51 points, or 0.7 percent, at 7,334 after declining 1.2 percent the previous day.

Housebuilder Redrow rose nearly 2 percent after its second-quarter revenue and profit topped forecasts.

Dunelm rallied 3.5 percent after the furniture retailer reported record preliminary results for the 53 weeks to 2nd July 2022.

read more
Asian Shares Mixed In Cautious Trade

Asian Shares Mixed In Cautious Trade

Asian stocks ended mixed on Friday despite a retreat in U.S. Treasury yields and comments from a Federal Reserve official that the U.S. central bank might lower interest rates in 2025 if tariff issues are resolved.
RTTNews | 1s 39 dakika önce
UK Retail Sales Growth Tops Expectations On Warm Weather

UK Retail Sales Growth Tops Expectations On Warm Weather

UK retail sales rebounded more than expected in April as good weather boosted food store sales, official data showed on Friday. A monthly survey today showed that British consumer confidence strengthened in May on hopes of easing trade tensions and the interest rate reduction by the Bank of England. Retail sales grew 1.2 percent on a monthly basis in April, following a revised 0.1 percent rise
RTTNews | 2s 10 dakika önce
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks may open flat to slightly higher on Friday as U.S. President Donald Trump's "big, beautiful" tax bill heads to the Senate for debate and review.
RTTNews | 4s 38 dakika önce
European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales from the UK and detailed quarterly national accounts from Germany are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales for April. Economists forecast retail sales to grow 0.3 percent on a monthly basis, after rising 0.4 percent in March.
RTTNews | 5s 23 dakika önce
Sensex, Nifty Rebound As US Bond Yields Ease

Sensex, Nifty Rebound As US Bond Yields Ease

Indian shares traded higher on Friday as U.S. Treasury yields eased from recent highs on improved economic data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 6s 0 dakika önce