FTSE 100 Declines Ahead Of Budget

RTTNews | il y a 714
FTSE 100 Declines Ahead Of Budget

(RTTNews) - U.K. stocks fell on Wednesday as investors geared up for Chancellor Jeremy Hunt's "Spring Budget" today in which he's expected to announce key pension and child-care reforms.

The benchmark FTSE 100 was down 72 points, or 0.9 percent, at 7,565 after rising 1.2 percent on Tuesday.

Insurer Prudential tumbled 6.2 percent after its annual premium equivalent and new business profit missing consensus marginally.

Burberry dropped 1.3 percent after the luxury house hired Kate Ferry from McLaren Group as its new chief financial officer.

Commodity trading and mining firm Ferrexpo lost 3.6 percent after reporting a decline in FY22 profit.

Online trading platform IG Group plunged 7 percent after its third-quarter net trading revenue fell on lower market volatility.

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TSX Remains Positive Despite Coming Off Early Highs

TSX Remains Positive Despite Coming Off Early Highs

The Canadian market has pared most of its gains Wednesday afternoon, with investors largely reacting to earnings updates, and monitoring geopolitical developments. Despite concerns about fresh tariffs, the market is positive as news about U.S. and Ukraine agreeing on a minerals deal is aiding sentiment.
RTTNews | il y a 6h 49min
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market pared some intraday gains and ended marginally up on Wednesday as stocks stayed a bit sluggish past mid afternoon.
RTTNews | il y a 7h 59min
European Stocks Close On Firm Note On Results

European Stocks Close On Firm Note On Results

European stocks closed higher on Wednesday, reacting to some strong earnings updates, and slightly easing geopolitical concerns following Ukraine and the U.S. agreeing on a minerals deal.
RTTNews | il y a 8h 30min
U.S. New Home Sales Plunge Much More Than Expected In January

U.S. New Home Sales Plunge Much More Than Expected In January

A report released by the Commerce Department on Wednesday showed a substantial pullback by new home sales in the U.S. in the month of January. The Commerce Department said new home sales plunged by 10.5 percent to an annual rate of 657,000 in January after spiking by 8.1 percent to an upwardly revised rate of 734,000 in December.
RTTNews | il y a 10h 47min
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher Wednesday morning, tracking positive global cues, and encouraging earnings from National Bank of Canada.
RTTNews | il y a 13h 20min
German Consumer Confidence To Continue Negative Trend

German Consumer Confidence To Continue Negative Trend

Consumer sentiment in Germany is set to continue its negative trend as higher prices, economic and political uncertainty weigh on households' income expectations and their willingness to buy, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index unexpectedly fell to -24.7 in March from -22.6 in February, a survey jointly published GfK and NIM revealed.
RTTNews | il y a 13h 55min
Thailand Cuts Key Interest Rate By 25 Bps

Thailand Cuts Key Interest Rate By 25 Bps

The Thai central bank reduced its key interest rate on Wednesday to address the increasing downside risks to the economy amid persistently low inflation. The Monetary Policy Committee of Bank of Thailand voted 6-1 to cut the policy rate by 25 basis points to 2.00 percent from 2.25 percent. One rate-setter preferred to keep the rate unchanged.
RTTNews | il y a 14h 35min
Hong Kong Budget Focuses On Spending Cuts, Promoting AI

Hong Kong Budget Focuses On Spending Cuts, Promoting AI

Hong Kong Financial Secretary Paul Chan unveiled the budget on Wednesday that largely focused on government spending cuts with minimal impact on people's livelihood and underscored the importance of artificial intelligence to enhance competitive edge. The government estimated a consolidated deficit of HK$87.2 billion for 2024-25, which was smaller than the HK$100 billion previous projection.
RTTNews | il y a 15h 3min