FTSE 100 Slightly Higher In Cautious Trade

RTTNews | 7h 22min ago
FTSE 100 Slightly Higher In Cautious Trade

(RTTNews) - U.K. stocks were slightly higher on Monday despite an ongoing row about tax rises by chancellor Rachel Reeves.

The benchmark FTSE 100 was up 32 points, or 0.4 percent, at 8,294 after climbing 1.4 percent on Friday.

Anglo American advanced 1.6 percent after Peabody Energy won a hotly contested battle to buy the miner's steelmaking coal mines in Australia for $3.78bn.

Drug maker AstraZeneca edged up slightly after announcing positive high-level results from CAPItello-281 Phase III trial of Truqap (capivasertib).

Rentokil Initial rallied 2.3 percent. The commercial pest control services company announced that Paul Edgecliffe-Johnson will join the Board as Chief Financial Officer, with effect from January 1, 2025.

Home improvement retailer Kingfisher plunged more than 12 percent after lowering its profit outlook.

InterContinental Hotels Group gained 1 percent after signing new agreements with its existing issuing and financial services partners to continue offering co-branded IHG One Rewards credit cards in the U.S.

read more
Pound Rises As Traders Expect BoE Slow Policy-easing Path

Pound Rises As Traders Expect BoE Slow Policy-easing Path

The British pound strengthened against other major currencies in the European session on Monday, as traders anticipate that the Bank of England (BoE) would slow down its policy-easing process in the upcoming month, particularly in light of data that was made public last week that indicated the UK inflation accelerated and once again exceeded the 2 percent target.
RTTNews | 5h 49min ago
Sensex, Nifty Rally On Firm Global Cues

Sensex, Nifty Rally On Firm Global Cues

Indian shares ended Monday's session sharply higher after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.
RTTNews | 6h 18min ago
German Business Confidence Weakens In November

German Business Confidence Weakens In November

German business sentiment softened in November on a notable deterioration in current conditions as economic struggles deepened, survey results from ifo Institute showed on Monday. The business climate index fell to 85.7 in November from 86.5 in the previous month. The score was expected to fall moderately to 86.0. At 84.3, the current situation index dropped to the lowest since July 2020.
RTTNews | 6h 42min ago
European Shares Gain On Rate Cut Hopes

European Shares Gain On Rate Cut Hopes

European stocks traded higher at two-week highs on Monday after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department.
RTTNews | 7h 5min ago
China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank left the rate on medium-term lending facility unchanged on Monday after cutting the rate in September. The People's Bank of China maintained the MLF rate at 2.0 percent. The bank offered CNY 900 billion via one-year policy loans. Following the operation, the outstanding balance of the MLF was CNY 6.239 trillion. Previously, the bank had reduced the rate on MLF by 30 basis.
RTTNews | 8h 48min ago