FTSE 100 Edges Higher Ahead Of US Inflation Data
(RTTNews) - U.K. stocks eked out modest gains to hit a three-month high on Friday as investors await the release of the core PCE price index, a key U.S. inflation measure, due later in the day.
Meanwhile, traders shrugged off data from mortgage lender Nationwide Building Society that showed U.K. house prices dropped for the first time in four months in August despite the fall in mortgage rates.
House prices posted a monthly fall of 0.2 percent, reversing July's 0.3 percent increase.
On a yearly basis, house price inflation accelerated to 2.4 percent from 2.1 percent in July. This was the fastest since December 2022.
The benchmark FTSE 100 was up 22 points, or 0.3 percent, at 8,402 after edging up 0.4 percent on Thursday.
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U.S. Jobless Claims Unexpectedly Slip To Nearly Eleven-Month Low
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th. The report said initial jobless claims slipped to 201,000, a decrease of 10,000 from the previous week's unrevised level of 211,000.
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U.S. Private Sector Job Growth Slows More Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by 140,000 jobs.
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5h 57min ago
U.S. Weekly Jobless Claims Unexpectedly Dip To 201,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th.
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Amazon's AWS To Invest At Least $11 Bln In Georgia For Cloud, AI Infrastructure
Amazon Web Services or AWS, affiliated to tech major Amazon.com Inc., announced its plan to invest at least $11 billion in the U.S. state of Georgia, aiming to expand infrastructure to support cloud computing and artificial intelligence technologies. The landmark investment in Butts and Douglas counties, which is expected to create at least 550 new high-skilled jobs, would enhance Georgia's...
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6h 37min ago
U.S. Private Sector Employment Climbs Less Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday.
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6h 37min ago
Eurozone Economic Sentiment Deteriorates Sharply
Euro area economic confidence deteriorated to the lowest in more than a year in December as the improvement in services sentiment was offset by weaker morale in industry, construction and among consumers. The economic sentiment index dropped more-than-expected to 93.7 in December from 95.6 in the previous month.
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7h 25min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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7h 59min ago
Bay Street Likely To Open On Cautious Note
The Canadian market is likely to open on a cautious note on Wednesday with investors awaiting the release of the minutes from the Federal Reserve's most recent monetary policy meeting. Any significant move up or down looks unlikely and trading may remain a bit lackluster for much of the day's session.
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