FTSE 100 Slips On Rate Hike Concerns

RTTNews | 875 days ago
FTSE 100 Slips On Rate Hike Concerns

(RTTNews) - U.K. stocks edged lower on Thursday as markets price in more aggressive steps by the Bank of England to tame record inflation.

The benchmark FTSE 100 slipped 10 points, or 0.1 percent, to 7,505 after closing 0.3 percent lower on Wednesday.

Rank Group shares fell 2.3 percent. The gambling company warned of difficult times after reporting a turnaround to profit for the fiscal 2022.

Marshalls lost 2.8 percent. The specialist landscape products group reported that its first-half profit before tax declined to 23.9 million pounds from last year's 38.9 million pounds.

Miner Anglo American declined 2.6 percent on going ex-dividend.

Made.com plunged 10 percent. The struggling online furniture retailer confirmed that it is considering a potential equity capital raise.

read more
JCPenney, Sparc Group Merge To Form Catalyst Brands

JCPenney, Sparc Group Merge To Form Catalyst Brands

Department store chain JCPenney announced that it has merged with SPARC Group, a full-service retail enterprise operating Aéropostale, Eddie Bauer, and Forever 21, among others, to launch a new organization, Catalyst Brands. The combination brings together six iconic American retail brands under a unified powerhouse portfolio.
RTTNews | 5h 27min ago
European Economic News Preview: Germany Industrial Output, Trade Data Due

European Economic News Preview: Germany Industrial Output, Trade Data Due

Industrial production and foreign trade from Germany and retail sales from the euro area are the top economic news due on Thursday. At 2.00 am ET, Destatis is slated to issue Germany's industrial output and trade figures. Exports are expected to rebound 2.0 percent on month in November and imports to climb 0.7 percent.
RTTNews | 6h 56min ago
China Inflation Eases To 0.1%; PPI Continues To Drop

China Inflation Eases To 0.1%; PPI Continues To Drop

China's consumer price inflation softened further in December and producer prices declined for 27 consecutive months despite Beijing initiating stimulus measures to revive domestic demand. Consumer prices grew only 0.1 percent on a yearly basis in December, slower than the 0.2 percent increase seen in November, figures from the National Bureau of Statistics revealed on Thursday.
RTTNews | 7h 3min ago
Sensex, Nifty Open Lower On Weak Global Cues

Sensex, Nifty Open Lower On Weak Global Cues

Indian shares were subdued on Thursday, tracking weak cues from global markets as Chinese inflation data disappointed and reports suggested that U.S. President-elect Donald Trump was mulling a national economic emergency declaration to provide legal justification for a series of universal tariffs on allies and adversaries.
RTTNews | 9h 15min ago
Asian Markets Mostly Lower

Asian Markets Mostly Lower

Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, amid uncertainty about the outlook for interest rates following mixed U.S. jobs data. The minutes of the US Fed's latest monetary policy meeting also did not provide much insight into interest rates other than to suggest officials plan to take a "careful approach" to future decisions.
RTTNews | 10h 28min ago