FTSE 100 Edges Higher In Cautious Trade

RTTNews | 34 ngày trước
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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Pound Rises As U.K. Inflation Slows Less-than-expected

Pound Rises As U.K. Inflation Slows Less-than-expected

The British pound strengthened against other major currencies in the pre-European session on Wednesday, after data showed that U.K. consumer price inflation slowed less than expected in April, leaving a 50 percent chance of a June rate cut unchanged. Data from the Office for National Statistics showed that the U.K. consumer price inflation weakened to the lowest since July 2021. Consumer prices rose 2.3 percent on a yearly basis in April, slower than the 3.2 percent increase in March. However, inflation was stronger than economists' forecast of 2.1 percent.
RTTNews | 5h 6phút trước
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the pre-European session on Wednesday.
RTTNews | 5h 26phút trước
NZ Dollar Surges As RBNZ Signals Delay In Rate Cuts

NZ Dollar Surges As RBNZ Signals Delay In Rate Cuts

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, after the New Zealand's central bank signaled delay in interest rate cuts due to lower inflation.
RTTNews | 5h 42phút trước
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer and producer prices and public sector finance from the UK are the major economic reports due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices and public sector finance data. Economists forecast inflation to ease to 2.1 percent in April from 3.2 percent in March. Output price inflation is expected to double to 1.2 percent.
RTTNews | 6h 38phút trước
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | 6h 40phút trước
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive from Wall Street overnight, as traders largely refrained from making significant moves as they await the release of the minutes of the US Fed's latest monetary policy meeting later in the day for clues about the outlook for interest rates. Asian markets closed mostly lower on Tuesday.
RTTNews | 9h 25phút trước