FTSE 100 Edges Lower Ahead Of US Jobs Data
(RTTNews) - U.K. stocks traded lower on Friday as investors awaited the much-anticipated U.S. employment report for September later in the day for greater insight into the health of the economy and the outlook for rates.
The benchmark FTSE 100 was down 27 points, or 0.3 percent, at 8,256 after closing 0.1 percent lower on Thursday.
Energy giant BP Plc rose about 1 percent and peer Shell edged up slightly as oil prices remained on track for strong weekly gains due to a worsening Middle East conflict.
Watches of Switzerland Group rose more than 2 percent after it bought a New York-based watch enthusiast platform.
Pub behemoth J D Wetherspoon was marginally lower after unveiling its 2024 financial results.
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New York Manufacturing Index Unexpectedly Indicates Contraction In January
New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index tumbled to a negative 12.6 in January from a positive 2.1 in December, with a negative reading indicating contraction.
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6g 11 minut temu
U.S. Annual Core Consumer Price Growth Unexpectedly Slows In December
While the Labor Department released a closely watched report on Wednesday showing U.S. consumer prices increased by slightly more than expected in the month of December, the report also showed an unexpected slowdown by the annual rate of core consumer price growth.
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6g 26 minut temu
Indonesia Unexpectedly Cuts Key Interest Rate To Boost Economic Growth
Indonesia's central bank unexpectedly lowered interest rates for the first time in five policy sessions, in a bid to boost the economic growth, citing the prospect of lower inflation this year and next.
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6g 56 minut temu
New York Manufacturing Index Unexpectedly Turns Negative In January
New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday.
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7g 23 minut temu
U.S. Consumer Prices Climb Slightly More Than Expected In December
Largely reflecting a surge by energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased by slightly more than expected in the month of December.
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7g 29 minut temu
Slowing Inflation Strengthens Calls For Bank Of England Rate Cuts
The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by the Bank of England this year. The consumer price index registered an annual increase of 2.5 percent in December, weaker than the 2.6 percent gain in November, the Office for National Statistics said on Wednesday. The rate was expected to remain unchanged at 2.6 perc
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7g 47 minut temu
Bay Street Looks Headed For Positive Start
Canadian shares are likely to open higher on Wednesday, tracking positive cues from European markets and firm commodity prices. U.S. consumer price inflation data, due before the opening bell, is likely to make a significant impact on investor mood.
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7g 51 minut temu
German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.
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9g 26 minut temu
