FTSE 100 Subdued As Pound Rises On Bets Of Aggressive Fed Rate Cut

RTTNews | 34 hari yang lalu
FTSE 100 Subdued As Pound Rises On Bets Of Aggressive Fed Rate Cut

(RTTNews) - U.K. stocks were marginally lower on Monday as a rising British pound weighed on export-oriented companies.

Investors also shifted focus to a slew of key central bank rate decisions this week, including the Bank of England's interest-rate announcement due on Thursday.

The benchmark FTSE 100 was down 3 points at 8,269 after gaining 0.4 percent on Friday.

The pound rose to its highest in more than a week and gold prices hovered near record levels as investors raised their bets of a more aggressive Federal Reserve rate cut on Wednesday.

In corporate news, insurer Phoenix Group Holdings tumbled 3.6 percent after dropping the sale process of its SunLife business.

Playtech jumped 8 percent. The gambling technology firm said it expects 2024 adjusted core profit to be slightly ahead of market expectations.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as traders trimmed their bets on US Fed interest rate cuts this year amid following largely upbeat batch of US economic data last week. A slew of Chinese data last week backed calls for more stimulus to boost the economy. Persisting worries about geopolitical tensions weighed on the markets.
RTTNews | 4j 22min yang lalu
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares look set to open a tad higher on Monday as investors react to earnings from HDFC Bank, Kotak Mahindra Bank and Tech Mahindra Bank released over the weekend.
RTTNews | 5j 14min yang lalu
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is moving a tad above the 39,000 mark, following the broadly positive cues from Wall Street on Friday, with gains is index heavyweights and technology stocks partially offset by weakness in financial stocks.
RTTNews | 5j 29min yang lalu
Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

The Thai stock market on Friday snapped the two-day winning streak in which it had gained almost 30 points or 2.1 percent. The Stock Exchange of Thailand now rests just beneath the 1,490-point plateau although it's expected to bounce higher again on Monday.
RTTNews | 5j 47min yang lalu
Overbought Jakarta Market Nonetheless Called Higher Again On Monday

Overbought Jakarta Market Nonetheless Called Higher Again On Monday

The Indonesia stock market has tracked higher in six straight sessions, climbing more than 275 points or 3.7 percent along the way. The Jakarta Composite Index now rests just above the 7,760-point plateau and it's got a firm lead again for Monday's trade.
RTTNews | 6j 17min yang lalu
Hong Kong Stock Market Tipped To Open In The Green

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market on Friday halted the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,800-point plateau and it may see additional support on Monday.
RTTNews | 6j 32min yang lalu
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is currently trading notably higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,300.00 level, with gains across most sectors led by gold miner stock and technology stocks.
RTTNews | 6j 34min yang lalu
Continued Volatility Likely For China Stock Market

Continued Volatility Likely For China Stock Market

The China stock market has alternated between positive and negative finishes through the last eight trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,260-point plateau and it's expected to at least open to the upside again on Monday.
RTTNews | 6j 47min yang lalu