FTSE 100 Declines On Rate Worries

RTTNews | 146 days ago
Stocktwits
FTSE 100 Declines On Rate Worries

(RTTNews) - U.K. stocks slipped into the red on Thursday after the Federal Reserve indicated only one-quarter point rate cut this year.

Closer home, the Bank of England is expected to announce its first interest rate cut in August, later than previously expected given higher-than-expected inflation - according to Swiss bank UBS.

The benchmark FTSE 100 was down 34 points, or 0.4 percent, at 8,182 after gaining 0.8 percent on Wednesday.

In corporate news, BT rallied 2.7 percent after Carlos Slim, the wealthiest individual in Latin America, bought a 3.2 percent in the broadband and mobile operator.

Halma soared 10.5 percent after the health and safety device maker posted strong annual results.

Homebuilder Crest Nicholson plummeted 8.4 percent after a profit warning.

Wise shares slumped 15 percent after the money transfer company forecast slower income growth in fiscal 2025 than fiscal 2024.

Stocktwits
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China Trade Data On Tap For Thursday

China Trade Data On Tap For Thursday

China will on Thursday release October results for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In September, imports were up 0.3 percent on year and exports rose an annual 2.4 percent for a trade surplus of $81.71 billion.
RTTNews | 5h 14min ago
Canadian Market Ends On Buoyant Note; TSX Gains Over 1%

Canadian Market Ends On Buoyant Note; TSX Gains Over 1%

The Canadian market closed on a buoyant note on Wednesday, lifted by strong gains in technology, energy and financials sectors. Stocks from consumer staples and industrials sectors too posted impressive gains, as investors largely cheered Donald Trump's victory in the U.S. Presidential Election.
RTTNews | 5h 21min ago
Canadian Market Up Firmly, Looks Set End On Strong Note

Canadian Market Up Firmly, Looks Set End On Strong Note

The Canadian market looks well on course to end on a strong note on Wednesday with stocks from across several sectors moving higher on sustained buying interest as investors react positively to Donald Trump's victory in the U.S. presidential election.
RTTNews | 7h 58min ago
Swiss Market Pares Early Gains, Settle Marginally Down

Swiss Market Pares Early Gains, Settle Marginally Down

The Switzerland market ended marginally down on Wednesday as stocks shed early gains and the index slipped below the flat line in the final hour. The mood turned cautious past mid afternoon with investors assessing the potential economic and geopolitical impact of Donald Trump's victory in the U.S. Presidential election.
RTTNews | 9h 21min ago
European Stocks Fail To Hold Early Gains, Close Weak

European Stocks Fail To Hold Early Gains, Close Weak

After holding firm till around mid afternoon on Wednesday, European stocks pared gains and closed weak as investors assessed the potential impact of Donald Trump's victory in the U.S. Presidential Election.
RTTNews | 9h 38min ago
U.S. Dollar Rallies On Trump's Victory

U.S. Dollar Rallies On Trump's Victory

The U.S. dollar was higher against its major counterparts in the New York session on Wednesday, as Donald Trump's win in the presidential election renewed optimism about economic growth policies that could drive bond yields higher and boost inflation.
RTTNews | 10h 23min ago
Eurozone Private Sector Stagnates In October

Eurozone Private Sector Stagnates In October

The euro area private sector stagnated in October as the contraction in manufacturing was offset by the services activity growth, final survey results published by S&P Global showed on Wednesday. The HCOB composite output index registered 50.0 in October signalling no change in private sector output. The reading was up from 49.6 in September and above the flash score of 49.7.
RTTNews | 14h 44min ago
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