FTSE 100 Dips As Defense Stocks Drag

RTTNews | 67 दिनों पहले
FTSE 100 Dips As Defense Stocks Drag

(RTTNews) - U.K. stocks traded lower on Monday after rising last week on optimism that the U.S. economy would dodge a recession, and cooling inflation would kick off a cycle of interest rate cuts.

The benchmark FTSE 100 was down 14 points, or 0.2 percent, at 8,297 after falling 0.4 percent on Friday.

Aerospace and defense stocks inched lower after reports suggested that Germany, the second largest contributor of aid to Ukraine, plans to halve its military aid to Kyiv in 2025 due to spending cuts.

BAE Systems fell 2.7 percent, Rolls-Royce Holdings dipped 2.1 percent and Chemring declined 1 percent.

Plus500 jumped 4.1 percent after the online trading platform announced a strong set of interim results and forecast its annual results to be above market view.

Housebuilder Barratt Developments gained 0.8 percent and rival Redrow rallied 2.3 percent. The two companies announced in a joint statement that a merger deal between them will be completed later this week.

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Pound Rises Against Majors

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The British pound weakened against other major currencies in the European session on Friday.
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RTTNews | 6घंटे 2 मिनट पहले
German Business Confidence Improves For First Time In 5 Months

German Business Confidence Improves For First Time In 5 Months

German business confidence improved for the first time in five months in October but remained at a low level suggesting weaker economic activity, survey results from the ifo Institute showed Friday. The business climate index climbed to 86.5 in October from 85.4 in the previous month. The score was forecast to rise to 85.6. This was the first rise in five months.
RTTNews | 6घंटे 7 मिनट पहले
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Tokyo Inflation Falls Below 2%

Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
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