FTSE 100 Edges Higher As Investors Await Cues On Rate Cuts
(RTTNews) - U.K. stocks advanced on Friday as higher oil prices lifted energy stocks and investors braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day.
Bank of England governor Andrew Bailey is also scheduled to speak at the symposium. The benchmark FTSE 100 was up 13 points, or 0.2 percent, at 8,301 after ending flat with a positive bias on Thursday.
In corporate news, Unilever was marginally higher after recalling 137000 cases of its single-serve Popsicle Jolly Rancher Frozen Confection Pop products over concerns that they may contain milk.
Energy giant BP Plc rose 0.7 percent and Shell edged up 0.2 percent as oil extended overnight gains but remained on track for a weekly loss on U.S. and Chinese demand concerns.
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Sensex, Nifty Struggle For Direction In Early Trade
Indian shares fluctuated on Wednesday as world markets remain shut for the New Year holiday.
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6h 26min ago
Sensex, Nifty Seen Lower At Open
Indian shares look set to open lower on Wednesday, the first trading session of New Year 2025, due to ongoing concerns about a firmer dollar and elevated U.S. Treasury yields.
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8h 6min ago
TSX Ends Final Session Of 2024 On Firm Note, Posts Yearly Gain Of 18%
The Canadian market ended on a firm note on Tuesday, the final session of 2024, as energy and materials stocks moved higher on firm commodity prices. Shares from real estate and communications sectors were the other notable gainers in the session.
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12h 21min ago
Dollar Extends Gains Against Major Counterparts
The U.S. dollar gained against its major counterparts on Tuesday, the final session of Year 2024, on strong year-end demand and amid bets the Federal Reserve will take a cautious approach with regard to interest rate cuts as economic policies under the upcoming Trump administration will likely stoke inflation.
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13h 3min ago
Canadian Market Modestly Higher, Looks Set To End On Firm Note
The Canadian market looks on course to end the final session of 2024 on a positive note with stocks from communications, energy and materials sectors posting solid gains.
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15h 7min ago
U.S. Dollar Strengthens Against Majors
The U.S. dollar advanced against its major counterparts in the New York session on Tuesday amid indications of a hawkish Federal Reserve heading into 2025.
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15h 20min ago
European Stocks Close Higher
uropean stocks closed a shortened trading session on Tuesday on a positive note with investors largely making cautious moves amid a lack of prominent triggers.
he markets in Germany and Switzerland remained closed for Christmas Eve.
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19h 44min ago
Elon Musk Changes X Account Name To Kekius Maximus
Billionaire Elon Musk has changed his name on his social media platform X, formerly Twitter, to Kekius Maximus. His profile picture has also been replaced with the popular meme Pepe the Frog, dressed up as a warrior holding a video game joystick. In a post on X, Musk said, "Kekius Maximus will soon reach level 80 in hardcore PoE."
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20h 35min ago
