FTSE 100 Slips In Cautious Trade

RTTNews | 819 dagar sedan
Stocktwits
FTSE 100 Slips In Cautious Trade

(RTTNews) - U.K. stocks fell on Tuesday, as the initial euphoria over the election of Rishi Sunak as the U.K. Prime Minister faded, and investors awaited Finance Minister Jeremy Hunt's budget on October 31 to see how he plans to plug a £40bn black hole in Britain's public finances exacerbated by Truss's disastrous package of unfunded tax cuts.

The benchmark FTSE 100 was down 32 points, or half a percent, at 6,982 after closing 0.6 percent higher on Monday.

HSBC Holdings plunged 7 percent after the bank reported higher-than-expected charges for possible loan losses in its third-quarter results.

IT infrastructure services provider Softcat fell about 1 percent despite reporting a rise in full-year profit and revenue.

Online beauty products seller THG soared 12.2 percent after backing its full-year outlook.

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Commodity Currency's Slide As Crude Oil Prices Traded Lower

Commodity Currency's Slide As Crude Oil Prices Traded Lower

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as oil prices dropped after the U.S. President Donald Trump postponed imposing fresh tariffs and unveiled a plan to increase U.S. oil and gas production.
RTTNews | 5h 5minuter sedan
European Economic News Preview: UK Labor Market Data Due

European Economic News Preview: UK Labor Market Data Due

Labor market data from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to remain unchanged at 4.3 percent in the three months to November.
RTTNews | 7h 58minuter sedan
European Shares Set For Cautious Open With Focus On Trump's Policies

European Shares Set For Cautious Open With Focus On Trump's Policies

European stocks are seen opening slightly lower on Tuesday as investors react to Trump's inaugural speech and a flurry of executive orders signed by him in the first few hours of his presidency, overturning multiple landmark decisions taken by the Biden administration.
RTTNews | 8h 0minuter sedan
Sensex, Nifty Give Up Early Gains

Sensex, Nifty Give Up Early Gains

Indian shares were slightly lower on Tuesday, giving up early gains as investors awaited clarity on Donald Trump's trade policies and tariffs.
RTTNews | 9h 13minuter sedan
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets and lack of cues from Wall Street overnight, as markets reacted positively to US President Donald Trump's decision not to impose China-specific tariffs on his first day in office. However, there were hints from Trump about potential 25 percent tariffs on Canada and Mexico as early as February 1.
RTTNews | 10h 11minuter sedan
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