FTSE 100 Slightly Higher In Cautious Trade

RTTNews | 576 ngày trước
FTSE 100 Slightly Higher In Cautious Trade

(RTTNews) - U.K. stocks were seeing modest gains on Monday, buoyed by strong gains on Wall Street overnight led by chipmakers and technology stocks.

The benchmark FTSE 100 was up 14 points, or 0.2 percent, at 7,475 after finishing marginally higher on Friday.

SDI Group shares slumped nearly 6 percent. The maker of scientific and technology products said that its Chief Executive Officer, Mike Creedon, has stepped down with effect from January 19.

Endeavour soared 6.6 percent. The gold miner said it expects production to increase by as much as 18 percent in 2024, thanks to several project start-ups due to commence in the second quarter.

Bodycote rallied 3.7 percent. The provider of heat treatment and thermal processing services announced its decision to buy back shares of up to 60 million pounds.

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Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Wednesday.
RTTNews | 23 phút trước
Yen Rises Amid BoJ Rate Hike Speculation

Yen Rises Amid BoJ Rate Hike Speculation

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, as traders expect that the Bank of Japan (BoJ) may raise interest rates by the end of the year in accordance with its policy normalization path.
RTTNews | 1h 2phút trước
UK Inflation Hits 18-Month High

UK Inflation Hits 18-Month High

UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
RTTNews | 1h 31phút trước
Australian Dollar Falls Amid RBA Rate Cut Speculation

Australian Dollar Falls Amid RBA Rate Cut Speculation

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated. Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
RTTNews | 2h 20phút trước
New Zealand Hints At More Interest Rate Cuts

New Zealand Hints At More Interest Rate Cuts

The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
RTTNews | 2h 35phút trước