FTSE 100 Slides Ahead Of Budget

RTTNews | vor 26 Tagen
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.

read more
Canadian Stocks Turning In Mixed Performance; TSX Up Marginally

Canadian Stocks Turning In Mixed Performance; TSX Up Marginally

Canadian stocks are turning in a mixed performance in cautious trade on Monday. Energy and materials stocks are weak due to lower commodity prices, while technology, real estate, consumer discretionary and industrials shares are up with strong gains.
RTTNews | vor 5Std 39 Minuten
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland market ended weak on Monday, bucking the largely positive trend in Europe, as investors refrained from making significant moves.
RTTNews | vor 6Std 41 Minuten
Indian Regulator Denies Apple's Request To Pause Antitrust Report

Indian Regulator Denies Apple's Request To Pause Antitrust Report

Apple Inc.'s request to put on hold an investigation report that found the tech major breaching competition laws has been denied by the Indian antitrust regulator, Reuters reported citing an internal order. The Competition Commission of India or CCI has turned down the request, following which the case on Apple's app store practices on its iOS operating system will continue.
RTTNews | vor 10Std 20 Minuten
Bay Street Likely To Open Lower On Weak Commodity Prices

Bay Street Likely To Open Lower On Weak Commodity Prices

The Canadian market is likely to open with a negative bias Monday morning, tracking weak crude oil and metal prices. U.S. futures are higher, reacting to Donald Trump's decision to nominate hedge fund manager Scott Bessent as U.S. Treasury Secretary.
RTTNews | vor 11Std 29 Minuten
Dollar's Dazzle Undiminished

Dollar's Dazzle Undiminished

The Dollar's rally continued during the week ended November 22 lifting the 6-currency Dollar Index to a 2-year high.
RTTNews | vor 11Std 55 Minuten
Pound Rises As Traders Expect BoE Slow Policy-easing Path

Pound Rises As Traders Expect BoE Slow Policy-easing Path

The British pound strengthened against other major currencies in the European session on Monday, as traders anticipate that the Bank of England (BoE) would slow down its policy-easing process in the upcoming month, particularly in light of data that was made public last week that indicated the UK inflation accelerated and once again exceeded the 2 percent target.
RTTNews | vor 13Std 40 Minuten
Sensex, Nifty Rally On Firm Global Cues

Sensex, Nifty Rally On Firm Global Cues

Indian shares ended Monday's session sharply higher after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.
RTTNews | vor 14Std 9 Minuten