FTSE 100 Marginally Higher In Lackluster Trade

RTTNews | 632天前
FTSE 100 Marginally Higher In Lackluster Trade

(RTTNews) - U.K. stocks were seeing marginal gains on Monday after ONS figures suggested that Britain's unemployment rate was much lower than initial estimates at the end of last year.

The benchmark FTSE 100 was up 10 points, or 0.1 percent, at 7,625 after ending with a negative bias on Friday.

In corporate news, Porvair, a filtration and environmental technology company, added 1.6 percent after reporting improved FY23 earnings and lifting dividend.

CMC Markets soared 13 percent after an announcement that the online trading platform is cutting 200 jobs to save on costs.

Vodafone fell about 1 percent despite the telecommunications company surpassing sales expectations in the third fiscal quarter.

Lloyds Bank fell 2.2 percent after the Financial Times reported that Iran evaded sanctions and was able to covertly move money around the world using accounts at two of the U.K.'s biggest banks.

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Pound Slides Amid UK Fiscal Concerns

Pound Slides Amid UK Fiscal Concerns

The British pound weakened against other major currencies in the European session on Wednesday, as investors expect that UK Chancellor of the Exchequer Rachel Reeves will have to make tough decisions over where to raise taxes and reduce spending in the approaching Autumn Budget.
RTTNews | 36分钟前
CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

French stocks are mostly subdued Wednesday morning with investors largely refraining from making significant moves while awaiting the Federal Reserve's monetary policy announcement later in the day, and looking ahead to the European Central Bank's rate decision and the meeting of U.S. President Donald Trump and his Chinese counterpart Xi Jinping on Thursday.
RTTNews | 57分钟前
DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

German stocks are turning in a mixed performance on Wednesday with investors mostly reacting to corporate earnings announcements and awaiting the Federal Reserve's interest rate decision due later in the day. The European Central Bank is scheduled to announce its monetary policy on Thursday.
RTTNews | 1小时57分钟前
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Wednesday.
RTTNews | 2小时18分钟前
European Shares Mixed Ahead Of Fed Verdict

European Shares Mixed Ahead Of Fed Verdict

European shares were mixed on Wednesday as investors digested a slew of earnings and looked ahead to the Federal Reserve's interest-rate decision later in the day, with a 25-bps cut fully priced in.
RTTNews | 2小时54分钟前
Asian Shares Rise Ahead Of Fed Decision

Asian Shares Rise Ahead Of Fed Decision

Asian stocks rose broadly on Wednesday, with benchmark indexes in Japan and South Korea reaching new record highs, ahead of a Federal Reserve interest-rate cut expected later in the day.
RTTNews | 3小时16分钟前
Aussie Rises As Robust Inflation Data Spurs RBA Rate Cut Pause

Aussie Rises As Robust Inflation Data Spurs RBA Rate Cut Pause

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as traders' bet on rate cut pause by the Reserve Bank of Australia (RBA), following the release of robust Australia's Consumer Price Index (CPI) data.
RTTNews | 3小时21分钟前