FTSE 100 Slides Ahead Of Budget

RTTNews | 410天前
FTSE 100 Slides Ahead Of Budget

(RTTNews) - U.K. stocks traded lower on Wednesday ahead of the first Labour party budget in 14 years.

U.K. Chancellor of the Exchequer will present her Autumn Budget 2024 to Parliament at 8.30 am ET.

The benchmark FTSE 100 was down 29 points, or 0.4 percent, at 8,190 after falling 0.8 percent in the previous session.

In corporate news, GSK shares tumbled 3.4 percent. The pharmaceutical company swung into a loss in the third quarter and lowered its 2024 vaccine sales forecast.

Standard Chartered rallied 3 percent. The lender upgraded its 2024 income guidance after profits in the third quarter beat market estimates.

Miner Glencore added 1.7 percent as it maintained production forecast for the current year.

Retail bellwether Next gained 1.6 percent after raising outlook for third time in three months.

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Thai Shares Expected To Remain Rangebound

Thai Shares Expected To Remain Rangebound

The Thai stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it's likely to hand back those gains on Monday.
RTTNews | 1小时49分钟前
Indonesia Shares Tipped To Open Under Pressure

Indonesia Shares Tipped To Open Under Pressure

The Indonesia stock market has alternated between positive and negative finishes through the last eight trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,660-point plateau and it's expected to remain rangebound again on Monday.
RTTNews | 2小时19分钟前
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is trading sharply lower on Monday, reversing the gains in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling below the 50,150 level, with weakness in exporters and technology stocks partially offset by gaining in automakers and financial stocks.
RTTNews | 2小时26分钟前
Lower Open Anticipated For Hong Kong Stock Market

Lower Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market has climbed higher in two of three trading days since the end of the two-day slide in which it had tumbled more than 640 points or 2.6 percent. The Hang Seng Index now sits just above the 25,975-point plateau although it's looking at a soft start for Monday's trade.
RTTNews | 2小时34分钟前
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Monday, extending the sharp gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in mining and energy stocks amid tumbling commodity prices.
RTTNews | 2小时47分钟前
Renewed Consolidation Likely For China Stock Market

Renewed Consolidation Likely For China Stock Market

The China stock market on Friday snapped the three-day losing streak in which it had slipped more than 50 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,890-point plateau although it's expected to head south again on Monday.
RTTNews | 2小时49分钟前
Tech Shares May Weigh On Taiwan Stock Market

Tech Shares May Weigh On Taiwan Stock Market

The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day winning streak in which it had jumped almost 950 points or 3.5 percent. The Taiwan Stock Exchange now sits just beneath the 28,200-point plateau although it's likely to open to the downside on Monday.
RTTNews | 3小时19分钟前