FTSE 100 Rallies As Inflation Slows Sharply

RTTNews | 653天前
FTSE 100 Rallies As Inflation Slows Sharply

(RTTNews) - U.K. stocks rallied on Wednesday after official data showed U.K. consumer price inflation eased sharply to a two-year low in October.

Consumer prices grew 4.6 percent year-on-year in October, slower than the 6.7 percent rise in the previous month, the Office for National Statistics (ONS) reported.

Inflation was also weaker than the expected 4.8 percent. The rate was the lowest since October 2021.

Separate data from the ONS showed a decline in output and input prices.

The benchmark FTSE 100 was up 72 points, or 1 percent, at 7,513 after closing 0.2 percent higher on Tuesday.

Higher metal prices boosted miners, with Anglo American, Antofagasta and Glencore gaining 2-3 percent.

Experian soared 5.5 percent after the credit data firm reported an increase in half-yearly profit.

Tullow Oil jumped 3.5 percent after raising its 2023 cashflow outlook.

read more
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 | 33分钟前
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 1小时3分钟前
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 2小时16分钟前
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 2小时49分钟前
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2小时56分钟前