FTSE 100 Slips Ahead Of Fed, BoE Meetings

RTTNews | 848 days ago
FTSE 100 Slips Ahead Of Fed, BoE Meetings

(RTTNews) - U.K. stocks fell in cautious trade on Monday, as investors braced for a 75-100 bps rate hike by the U.S. Federal Reserve at the end of a two-day policy meeting on Wednesday.

Also, the Bank of England meets on Thursday, with markets split on whether the central bank will raise rates by 50 or 75 basis points ahead of a mini budget to be unveiled by the new Chancellor of the Exchequer Kwasi Kwarteng on Friday. The BoE meeting is delayed by a week after the death of Queen Elizabeth II.

The benchmark FTSE 100 dropped 45 points, or 0.6 percent, to 7,236 after closing 0.6 percent lower on Friday.

City of London Investment Trust shares fell around 1 percent. The company reported that its fiscal 2022 net return before taxation declined to 100.47 million pounds from last year's 267.16 million pounds.

read more
South Korea Trade Data Due On Wednesday

South Korea Trade Data Due On Wednesday

South Korea will on Wednesday release December numbers for unemployment, imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 5h 10min ago
Dollar Drifts Lower Against Major Counterparts

Dollar Drifts Lower Against Major Counterparts

The U.S. dollar shed ground against its major counterparts on Tuesday after data showed a smaller than expected increase in U.S. producer prices in the month of December. The data helped ease recent concerns about the outlook for inflation and interest rates.
RTTNews | 5h 24min ago
Indonesia Stock Market May Stop The Bleeding On Wednesday

Indonesia Stock Market May Stop The Bleeding On Wednesday

The Indonesia stock market has finished lower in back-to-back sessions, surrendering more than 130 points or 1.8 percent along the way. The Jakarta Composite Index now sits just above the 6,950-point plateau although it's tipped to open to the upside on Wednesday.
RTTNews | 6h 12min ago
Japan Stock Market May Halt Its Slide On Wednesday

Japan Stock Market May Halt Its Slide On Wednesday

The Japanese stock market has finished lower in four straight sessions, stumbling more than 1,600 points or 4.2 percent along the way. The Nikkei 225 now rests just beneath the 38,475-point plateau although it may stop the bleeding on Wednesday.
RTTNews | 6h 14min ago
Canadian Stocks Mixed In Lackluster Trade

Canadian Stocks Mixed In Lackluster Trade

Canadian stocks are turning in a mixed performance in cautious trade with investors digesting U.S. producer price inflation data and looking ahead to the consumer price inflation report.
RTTNews | 7h 35min ago
Swiss Market Fails To Retain Gains, Ends Flat

Swiss Market Fails To Retain Gains, Ends Flat

The Switzerland market ended flat on Tuesday after spending much of the day's trading session in positive territory. Stocks gained on bargain hunting, but pared gains as the mood turned a bit cautious as the day progressed, with investors awaiting more data to assess the likely move of the Federal Reserve.
RTTNews | 8h 39min ago
Euro Rallies Against Majors

Euro Rallies Against Majors

The euro firmed against its major counterparts in the New York session on Tuesday.
RTTNews | 8h 51min ago
European Stocks Pare Early Gains, Close On Mixed Note

European Stocks Pare Early Gains, Close On Mixed Note

European stocks gave up early gains and ended on a mixed note on Tuesday, as investors assessed the likely move of the Federal Reserve in the wake of recent economic reports, including the one on producer price inflation, released today. Markets looked ahead to the more crucial U.S. consumer price inflation reading due on Wednesday.
RTTNews | 9h 2min ago