FTSE 100 Little Changed In Cautious Trade
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(RTTNews) - U.K. stocks were little changed in cautious trade on Wednesday as investors awaited the outcome of key meetings at the Federal Reserve and the Bank of England.
The benchmark FTSE 100 was marginally higher at 7,192 after rallying 1.3 percent on Tuesday.
Paper packaging giant Smurfit Kappa tumbled 3.2 percent despite delivering strong performance for the first nine months of 2022.
Next, the clothing and homeware chain, jumped 2.4 percent after maintaining its profit guidance for the year.
Luxury car maker Aston Martin Lagonda slumped 12 percent after its loss for the third quarter more than doubled.
Pharmaceutical and biotechnology firm GSK rose 1.2 percent after lifting its 2022 sales growth outlook.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, driven by China after multiple Chinese government departments rolled out medium- and long-term investment plan with clear measures to boost capital market confidence. Concerns about tariff threats by US President Donald Trump limited market's upside.
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Australian Market Extends Losses In Mid-market
The Australian market in extending its early losses in mid-market moves on Thursday, giving up some of the gains in the previous three sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,400 level, with weakness in gold mining and financial stocks.
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Sensex, Nifty Seen Lower At Open
Indian shares may open on a sluggish note Thursday amid continued selling by foreign portfolio investors and anxiety ahead of the upcoming Budget.
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Thai Stock Market May Extend Winning Streak
The Thai stock market has tracked higher in two straight sessions, collecting more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,360-point plateau and it may open in the green again on Thursday.
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Japanese Market Modestly Higher
The Japanese market is modestly higher on Thursday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,700 level, with gains in some index heavyweights and exporters. Traders also remain cautious ahead of the interest rate decision on Friday.
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Overbought Indonesia Bourse Nonetheless Called Higher On Thursday
The Indonesia stock market has climbed higher in six straight sessions, advancing more than 280 points or 3.8 percent along the way. The Jakarta Composite Index now sits just above the 7,250-point plateau and it's expected to at least open higher again on Thursday.
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Australian Market Modestly Lower
The Australian market is trading modestly lower on Thursday, giving up some of the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to stay a tad above the 8,400 level, with weakness in mining and financial stocks.
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Higher Open Tipped For Hong Kong Stock Market
The Hong Kong stock market on Wednesday snapped the six-day winning streak in which it had surged more than 1,230 points or 6 percent. The Hang Seng now sits just above the 19,775-point plateau although it's got another upbeat lead for Thursday's trade.
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