FTSE 100 Declines As US Rate Cut Hopes Fade

RTTNews | 582 ngày trước
FTSE 100 Declines As US Rate Cut Hopes Fade

(RTTNews) - U.K. stocks fell on Wednesday as strong U.S. data and mixed comments from Federal Reserve officials dented investor hopes for a rate cut in June.

The benchmark FTSE 100 was down 36 points, or half a percent, at 7,898 after declining 0.2 percent in the previous session.

Engineer Renishaw plunged 4.2 percent after Germany's Siemens said it does not intend to make an offer for the company.

Low-cost airline Wizz Air Holdings was little changed after unveiling passenger traffic and load factor figures for March.

Topps Tiles declined 1.5 percent after the tiles retailer reported lower half-yearly sales and issued a profit warning.

Meat, seafood and meat alternatives group Hilton Food lost 4.3 percent after reporting modest top-line growth in 2023.

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U.S. Dollar Falls Amid Risk-off Mood

U.S. Dollar Falls Amid Risk-off Mood

The U.S. dollar weakened against other major currencies in the Asian session on Thursday amid increased risk-off sentiment, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also react to upbeat private U.S. economic data and growing expectations that the U.S. Supreme Court may reject the Trump administration's aggressive trade policy.
RTTNews | 1h 3phút trước
German Industrial Production Recovers In September

German Industrial Production Recovers In September

Germany's industrial production recovered in September driven by the rebound in the auto industry, official data revealed on Thursday. Industrial output expanded 1.3 percent from August, when it was down 3.7 percent, Destatis reported. Economists had forecast a monthly growth of 3.0 percent. Year-on-year, industrial production logged a slower decline of 1.0 percent, following a 3.6 percent fall.
RTTNews | 1h 21phút trước
European Economic News Preview: Bank Of England Set To Hold Rates

European Economic News Preview: Bank Of England Set To Hold Rates

The Bank of England is expected to hold its benchmark rate on Thursday as policymakers await the Autumn Budget announcement. Markets widely expect the BoE to maintain the bank rate at 4.00 percent in a split vote. The current rate is the lowest since early 2023. The policy decision is due at 7.00 am ET.
RTTNews | 2h 57phút trước
European Shares Set For A Firm Start

European Shares Set For A Firm Start

European stocks are seen opening broadly higher on Thursday as solid U.S. private sector employment and services sector activity data helped calm investor worries about stretched valuations.
RTTNews | 3h 53phút trước
Sensex, Nifty Open Higher On Firm Global Cues

Sensex, Nifty Open Higher On Firm Global Cues

Indian shares opened a tad higher on Thursday, mirroring mostly positive cues from global markets as solid U.S. private sector employment and services sector activity data helped calm investor worries about stretched valuations.
RTTNews | 4h 51phút trước
Australian Market Halves Its Early Gains In Mid-market

Australian Market Halves Its Early Gains In Mid-market

The Australian market is halving its early gains in mid-market moves on Thursday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains across most sectors led by mining and energy stocks amid rebounding commodity prices.
RTTNews | 6h 8phút trước
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also react to upbeat private US economic data and growing expectations that the US Supreme Court may reject the Trump administration's aggressive trade policy.
RTTNews | 6h 35phút trước