FTSE 100 Slides Ahead Of BoE Rate Decision

RTTNews | 1121 ngày trước
FTSE 100 Slides Ahead Of BoE Rate Decision

(RTTNews) - U.K. stocks fell on Thursday as investors awaited the Bank of England's interest-rate decision for direction.

Having raised borrowing costs by 25 basis points five times since December, the central bank is now expected to become more aggressive with a 50-bps hike, the most since 1995.

The benchmark FTSE 100 dropped 22 points, or 0.3 percent, to 7,423 after adding half a percent on Wednesday.

Commodity trader Glencore advanced 1.7 percent after profits more than doubled to a record in the first half of the year.

Fashion retailer Next surged 4.7 percent after raising its profit forecast. Rolls-Royce shares slumped more than 9 percent. The aero-engine maker has warned of looming economic challenges after reporting a bigger-than-expected fall in first-half profit.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 4h 15phút trước
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 7h 5phút trước
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 7h 34phút trước
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 10h 37phút trước
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 11h 21phút trước