FTSE 100 Edges Lower Ahead Of US Jobs Data
(RTTNews) - U.K. stocks traded lower on Friday as investors awaited the much-anticipated U.S. employment report for September later in the day for greater insight into the health of the economy and the outlook for rates.
The benchmark FTSE 100 was down 27 points, or 0.3 percent, at 8,256 after closing 0.1 percent lower on Thursday.
Energy giant BP Plc rose about 1 percent and peer Shell edged up slightly as oil prices remained on track for strong weekly gains due to a worsening Middle East conflict.
Watches of Switzerland Group rose more than 2 percent after it bought a New York-based watch enthusiast platform.
Pub behemoth J D Wetherspoon was marginally lower after unveiling its 2024 financial results.
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Eurozone Inflation Accelerates To 2.3%
Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.
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5j 2min yang lalu
Pound Weakens Despite BoE's Slower Rate Cut Prospects
The pound was lower against its major counterparts in the New York session on Friday, as the U.S. dollar rebounded after the Thanksgiving holiday.
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5j 2min yang lalu
UK Mortgage Approvals At More Than 2 Year High
UK mortgage approvals increased to the highest level in more than two years in October as falling interest rates boosted housing market activity but consumers became more cautious about borrowing and saving ahead of the Autumn Budget. Mortgage approvals for house purchases, an indicator of future borrowing, increased to 68,303 in October from 66,115 in the prior month, the Bank of England report
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7j 45min yang lalu
Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus
Canadian shares may open higher on Friday with materials stocks set to ride on strong gold and silver prices. Data on Canadian GDP data for the third quarter is due out at 8:30 AM ET.
As the U.S. market will close early today, volume of business on Bay Street will be thin for a second straight day.
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8j 19min yang lalu
German Unemployment Rises Less Than Forecast
German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.
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8j 48min yang lalu
French GDP Growth Accelerates; Inflation Rises Marginally
The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.4 percent in the third quarter, which was unchanged from the previous estimate, the statistical office INSEE reported. This follows a 0.2 percent ri
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10j 11min yang lalu
Sensex, Nifty Rebound Sharply; Airtel And Pharma Stocks Top Gainers
Indian shares rebounded on Friday, after having seen steep declines the previous day on account of F&O expiry.
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10j 17min yang lalu
European Shares Muted Ahead Of Key Inflation Reading
European stocks slipped into the red on Friday ahead of the release of flash euro zone inflation data for November, due later in the day.
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11j 19min yang lalu
