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FTSE 100 Drifts Lower Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks fell sharply on Thursday after the U.S. Federal Reserve cut rates as expected and penciled in two more for 2025, fewer than four seen in September.
Investors also braced for the Bank of England's last meeting of the year later in the day.
The central bank is widely expected to hold rates at 4.75 percent after data showed a high rate of wage growth and inflation above the bank's 2 percent target.
The benchmark FTSE 100 was down 90 points, or 1.10 percent, at 8,109 after finishing marginally higher the previous day.
In corporate news, Serco Group shares jumped nearly 7 percent. The outsourcing giant Serco forecast full-year revenue of £4.8bn in line with its prior guidance.
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China Stock Market May Head South Again On Wednesday
The China stock market on Tuesday ended the two-day slide in which it had dipped almost 15 points or 0.5 percent. The SCI now sits just beneath the 3,380-point plateau although it's expected to turn lower again.
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4h 12min ago
Australian Market Sharply Lower
Australian shares are trading sharply lower on Wednesday, extending the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling below the 7,800 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors led by iron ore miners and financial stocks. Gold stocks were the only bright spot.
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4h 13min ago
Oversold Taiwan Bourse Called Lower Again
The Taiwan stock market has finished lower in four straight sessions, shedding almost 800 points or 3.6 percent in that span. The Taiwan Stock Exchange now sits just above the 22,070-point plateau and it figures to open under water again on Wednesday.
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4h 42min ago
Japan Producer Prices Unchanged In February
Producer prices in Japan were flat on a seasonally adjusted monthly basis, the Bank of Japan said on Wednesday.
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5h 7min ago
Losing Streak May Continue For Singapore Stock Market
The Singapore stock market has tracked lower in three straight sessions, sinking almost 100 points or 2.5 percent along the way. The Straits Time Index now sits just above the 3,825-point plateau and it may open under water again on Wednesday.
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5h 12min ago
Malaysia Bourse May Test Support At 1,500 Points
The Malaysia stock market has tracked lower in four straight sessions, slumping more than 45 points or 3 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,520-point plateau and it may open under pressure again on Wednesday.
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5h 42min ago
Japan Shares May Open In The Red On Wednesday
The Japanese stock market has finished lower in two of three sessions since the end of the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just shy of the 36,800-point plateau and it may extend its losses on Wednesday.
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5h 57min ago
More Pain Predicted For South Korea Stock Market
The South Korea stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced almost 50 points or 2 percent. The KOSPI now sits just beneath the 2,540-point plateau and it may take further damage on Wednesday.
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6h 12min ago
