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FTSE 100 Drifts Lower Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks fell sharply on Thursday after the U.S. Federal Reserve cut rates as expected and penciled in two more for 2025, fewer than four seen in September.
Investors also braced for the Bank of England's last meeting of the year later in the day.
The central bank is widely expected to hold rates at 4.75 percent after data showed a high rate of wage growth and inflation above the bank's 2 percent target.
The benchmark FTSE 100 was down 90 points, or 1.10 percent, at 8,109 after finishing marginally higher the previous day.
In corporate news, Serco Group shares jumped nearly 7 percent. The outsourcing giant Serco forecast full-year revenue of £4.8bn in line with its prior guidance.
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Oversold Taiwan Bourse Called Lower Again
The Taiwan stock market has finished lower in four straight sessions, shedding almost 800 points or 3.6 percent in that span. The Taiwan Stock Exchange now sits just above the 22,070-point plateau and it figures to open under water again on Wednesday.
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4h 13min atrás
Japan Producer Prices Unchanged In February
Producer prices in Japan were flat on a seasonally adjusted monthly basis, the Bank of Japan said on Wednesday.
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4h 38min atrás
Losing Streak May Continue For Singapore Stock Market
The Singapore stock market has tracked lower in three straight sessions, sinking almost 100 points or 2.5 percent along the way. The Straits Time Index now sits just above the 3,825-point plateau and it may open under water again on Wednesday.
RTTNews
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4h 43min atrás
Malaysia Bourse May Test Support At 1,500 Points
The Malaysia stock market has tracked lower in four straight sessions, slumping more than 45 points or 3 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,520-point plateau and it may open under pressure again on Wednesday.
RTTNews
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5h 13min atrás
Japan Shares May Open In The Red On Wednesday
The Japanese stock market has finished lower in two of three sessions since the end of the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just shy of the 36,800-point plateau and it may extend its losses on Wednesday.
RTTNews
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5h 28min atrás
More Pain Predicted For South Korea Stock Market
The South Korea stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced almost 50 points or 2 percent. The KOSPI now sits just beneath the 2,540-point plateau and it may take further damage on Wednesday.
RTTNews
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5h 43min atrás
Dollar Drifts Lower Against Major Counterparts
The U.S. dollar dropped to near 5-month lows on Tuesday on concerns about the outlook for growth and fears of a potential recession in U.S. due to the ongoing trade war.
RTTNews
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5h 46min atrás
Japan Producer Price Data Due On Wednesday
Japan will on Wednesday release February figures for producer prices, highlighting a modest day for Asia-Pacific economic activity. Producer prices are expected to slip 0.1 percent on month and rise 4.0 percent on year after adding 0.3 percent on month and 4.2 percent on year in January.
RTTNews
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6h 38min atrás
