FTSE 100 Edges Lower As IMF Slashes Growth Outlook

RTTNews | 742 gün önce
FTSE 100 Edges Lower As IMF Slashes Growth Outlook

(RTTNews) - U.K. stocks opened lower on Tuesday after the International Monetary Fund (IMF) said the British economy will shrink by 0.6 percent in 2023, rather than grow slightly as previously predicted, reflecting high energy prices and factors such as high inflation. The benchmark FTSE 100 was down 45 points, or 0.6 percent, at 7,740 after gaining 0.3 percent in the previous session.

British American Tobacco dropped half a percent after announcing an overhauling of its management structure.

Johnson Matthey was slightly lower after announcing a long-term strategic partnership with Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy.

Ricardo gained about 1 percent after keeping its FY guidance unchanged.

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NZ Dollar Falls As Trump's Import Tariff Threat Looms

NZ Dollar Falls As Trump's Import Tariff Threat Looms

The New Zealand weakened against other major currencies in the Asian session on Tuesday, as traders remain cautious amid raising fears of a brewing global trade war and its potential impact on the global economy. China's retaliatory tariffs on U.S. goods are also set to take effect later in the day.
RTTNews | 6s 8 dakika önce
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand weakened against other major currencies in the Asian session on Tuesday.
RTTNews | 6s 35 dakika önce
Australia NAB Business Conditions Fall; Confidence Improves

Australia NAB Business Conditions Fall; Confidence Improves

Australia's business conditions declined in January, while confidence improved with broad-based increases across industries, survey data from NAB showed on Tuesday. The business conditions index declined to 3 from 6 in December. Meanwhile, the business confidence index advanced to 4 from -2 in the previous month.
RTTNews | 7s 57 dakika önce
Sensex, Nifty Decline On Tariff Concerns

Sensex, Nifty Decline On Tariff Concerns

Indian shares were subdued on Tuesday after U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports to the U.S. to a flat 25 percent "without exceptions or exemptions".
RTTNews | 8s 37 dakika önce
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious amid raising fears of a brewing global trade war and its potential impact on the global economy. China's retaliatory tariffs on U.S. goods are also set to take effect later in the day. Asian markets closed mixed on Monday.
RTTNews | 9s 37 dakika önce
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to a tad below the 8,500 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners and technology stocks.
RTTNews | 10s 9 dakika önce