FTSE 100 Gains As Recession Worries Ease

RTTNews | 1007天前
FTSE 100 Gains As Recession Worries Ease

(RTTNews) - U.K. stocks traded higher on Thursday as a slew of upbeat earnings results offset concerns surrounding inflation and interest-rate hikes.

Investors were also reacting to reports suggesting that the U.K. may avoid a recession this year.

The National Institute of Economic and Social Research (Niesr) said the economy will grow marginally this year, despite high prices hitting household budget.

The benchmark FTSE 100 was up 59 points, or 0.8 percent, at 7,944 after gaining 0.3 percent on Wednesday.

Consumer goods group Unilever edged up slightly after reporting quarterly underlying sales growth above expectations.

AstraZeneca jumped 4.5 percent. The drug maker swung to fourth-quarter profit and forecast growth in earnings and revenues in 2023.

British American Tobacco plunged 5.6 percent despite reporting higher full-year sales and profits.

read more
TSX Scales New Record High; Materials, Financials Stocks Among Top Gainers

TSX Scales New Record High; Materials, Financials Stocks Among Top Gainers

Canada's S&P/TSX Composite Index surged to a new record high on Wednesday with stocks from materials, financials, consumer staples and industrials sectors turning in a strong performance. The mood in the market is quite bullish amid hopes the government shutdown in the U.S. will come to end soon.
RTTNews | 4小时47分钟前
Swiss Market Settles On Firm Note

Swiss Market Settles On Firm Note

The Switzerland market closed on a firm note on Wednesday, tracking positive cues from other markets in Europe, amid rising prospects of an end to the U.S. government shutdown this week, and hopes about an interest rate cut by the Federal Reserve next month.
RTTNews | 5小时10分钟前
European Stocks Close On Firm Note

European Stocks Close On Firm Note

European stocks closed higher on Wednesday, extending recent gains, amid hopes the U.S. government shutdown will end soon, possibly even by this Friday. Expectations of a rate cut by the Federal Reserve next month, and data showing a smaller than expected increase in Germany's consumer price inflation also contributed to markets' positive close.
RTTNews | 5小时23分钟前
Bay Street May Open On Positive Note Again

Bay Street May Open On Positive Note Again

Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.
RTTNews | 9小时46分钟前
FTSE 100 Pares Early Gains; SSE Soars 12%

FTSE 100 Pares Early Gains; SSE Soars 12%

After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.
RTTNews | 11小时4分钟前
CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.
RTTNews | 12小时1分钟前
DAX Climbs To 4-week High On Inflation Data, Earnings

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.
RTTNews | 12小时28分钟前