FTSE 100 Moderately Higher As Stocks Recover From Recent Losses

RTTNews | 9h 23min ago

(RTTNews) - U.K. stocks are up after six successive days of declines, with shares from the mining sector contributing significantly to the gains Wednesday morning.

Optimism over a ceasefire in Ukraine is aiding sentiment. Meanwhile, the U.S. has decided to resume intelligence sharing and military aid to Ukraine after Kyiv said it would support the Trump administration's proposal for a 30-day ceasefire with Russia.

Kyiv has reportedly agreed to a US-proposal for an "immediate, interim 30-day ceasefire" if Russia agrees to the terms.

"A while ago, Ukraine has agreed to the ceasefire. Now we go to Russia and hopefully President Putin will agree to it also," U.S. President Trump said soon after the Jeddah announcement.

On the tariff front, the UK government has decided not to retaliate against tariffs imposed by the U.S. on metals, and has reaffirmed its commitment to US trade talks.

The benchmark FTSE 100 was up 44.56 points or 0.52% at 8,540.55 a little while ago.

Melrose Industries is up with a strong gain of 7.2%. Fresnillo is gaining 3.6%, while Entain, Rolls-Royce Holdings, Informa, Anglo American Plc, 3i Group and Barclays Group are up 2 to 3%.

Intermediate Capital, Standard Chartered, Antofagasta, AstraZeneca, Airtel Africa, Aviva, Weir Group, Beazley, Halma, Diploma, Spirax Sarco, Smiths, Scottish Mortgage, Natwest Group, Coca-Cola, Endeavour Mining and Lloyds Banking are up 1 to 1.8%.

Persimmon, IAG, Associated British Foods, JD Sports Fashion, Auto Trader Group, Hiscox and BT Group are down 2 to 4%.

Sainsbury (J), Smith & Nephew, Next, Severn Trent, Berkeley Group Holdings, Frasers Group, LondonMetric Property, Marks & Spencer, Barratt Redrow and BAE Systems are down 1 to 1.7%.

Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data

Canadian stocks are turning in a mixed performance Wednesday morning with investors digesting the Bank of Canada's interest rate decision, and tamer than expected U.S. consumer price inflation data. Worries about the U.S. Government's stance on tariffs, and the possibility of recession in the U.S., Canada and Mexico, are weighing on sentiment and limiting market's upside.

RTTNews | 4h 6min ago

Elon Musk's Starlink Partners With India's Jio And Airtel

Close on the heels of signing an agreement with one of India's telecom majors Airtel, Elon Musk's SpaceX signed a deal with the country's another tycoon Jio Platforms Ltd, affiliated to Billionaire Mukesh Ambani's Reliance Industries, to offer Starlink satellite Internet services in the country.

RTTNews | 5h 5min ago

Bank Of Canada Cuts Interest Rates By Another 25 Basis Points

With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.

RTTNews | 5h 30min ago

U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February. The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.

RTTNews | 5h 50min ago

Bay Street Likely To Open On Positive Note

The Bank of Canada's interest rate decision, and U.S. consumer price inflation data are in focus on Bay Street Wednesday morning. The market looks set to open higher thanks to firm commodity prices and European stocks.

RTTNews | 6h 42min ago

U.S. Consumer Prices Rise Slightly Less Than Expected In February

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February.

RTTNews | 7h 4min ago

India Inflation Weakest In 7 Months

India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.

RTTNews | 7h 33min ago

ECB Chief Says Uncertainty Exceptionally High

European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.

RTTNews | 8h 7min ago

EURUSD	1.09179	GBPUSD	1.29611	AUDUSD	0.63039
USDJPY	148.376	USDCAD	1.44014	USDCHF	0.88323

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FTSE 100 Moderately Higher As Stocks Recover From Recent Losses