FTSE 100 Slides As Energy Stocks Drag
(RTTNews) - U.K. stocks declined on Tuesday as falling crude oil prices amid signs of easing tensions in the Middle East weighed on the energy sector.
The benchmark FTSE 100 dropped 40 points, or half a percent, to 8,317 after gaining 0.6 percent the previous day.
BP Plc fell 1.8 percent and Shell lost 2.1 percent as crude oil prices hit two-week lows on growing hopes for Israel-Hamas ceasefire.
Miner Antofagasta was marginally lower after pretax profit declined in line with market expectations in the first six months of the year.
Weir Group traded lower despite securing a £53m contract to supply sustainable mining solutions to Barrick Gold's Reko Diq copper-gold project in Balochistan.
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Tokyo Inflation Falls Below 2%
Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
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4h 19minuter sedan
China Keeps Medium-Term Lending Facility Rate Unchanged
China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.
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5h 6minuter sedan
Antipodean Currencies Fall Ahead Of U.S. Presidential Election
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.
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5h 26minuter sedan
European Economic News Preview: German Ifo Business Confidence Data Due
Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.
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5h 36minuter sedan
European Markets Seen Opening On A Weak Note
European markets are expected to open on Friday on a cautious note as market's focus on the health of the corporate sector.
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5h 46minuter sedan
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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5h 50minuter sedan
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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5h 55minuter sedan
Thai Shares May Stop The Bleeding On Friday
The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday.
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9h 26minuter sedan
