FTSE 100 Declines On Rate Worries

RTTNews | 146天前
FTSE 100 Declines On Rate Worries

(RTTNews) - U.K. stocks slipped into the red on Thursday after the Federal Reserve indicated only one-quarter point rate cut this year.

Closer home, the Bank of England is expected to announce its first interest rate cut in August, later than previously expected given higher-than-expected inflation - according to Swiss bank UBS.

The benchmark FTSE 100 was down 34 points, or 0.4 percent, at 8,182 after gaining 0.8 percent on Wednesday.

In corporate news, BT rallied 2.7 percent after Carlos Slim, the wealthiest individual in Latin America, bought a 3.2 percent in the broadband and mobile operator.

Halma soared 10.5 percent after the health and safety device maker posted strong annual results.

Homebuilder Crest Nicholson plummeted 8.4 percent after a profit warning.

Wise shares slumped 15 percent after the money transfer company forecast slower income growth in fiscal 2025 than fiscal 2024.

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Taiwan Bourse Has Solid Lead For Thursday's Trade

Taiwan Bourse Has Solid Lead For Thursday's Trade

The Taiwan stock market has moved higher in three straight sessions, gathering more than 435 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 23,215-point plateau and it's expected open to the upside again on Thursday.
RTTNews | 5小时4分钟前
Singapore Stock Market May See Additional Support

Singapore Stock Market May See Additional Support

The Singapore stock market has moved higher in three straight sessions, gathering almost 50 points or 1.3 percent along the way. The Straits Times Index now sits just above the 3,600-point plateau and it's tipped to open in the green again on Thursday.
RTTNews | 5小时34分钟前
Win Streak May Continue For Malaysia Stock Market

Win Streak May Continue For Malaysia Stock Market

The Malaysia stock market has finished higher in four straight sessions, collecting more than 30 points or 2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,630-point plateau and it may add to its winnings on Thursday.
RTTNews | 6小时4分钟前
South Korea Tipped To Halt Slide On Thursday

South Korea Tipped To Halt Slide On Thursday

The South Korea stock market has moved lower in back-to-back sessions, slumping more than 25 points or 1 percent along the way. The KOSPI now sits just above the 2,560-point plateau although it's likely to stop the bleeding on Thursday.
RTTNews | 6小时34分钟前
China Trade Data On Tap For Thursday

China Trade Data On Tap For Thursday

China will on Thursday release October results for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In September, imports were up 0.3 percent on year and exports rose an annual 2.4 percent for a trade surplus of $81.71 billion.
RTTNews | 7小时4分钟前
Canadian Market Ends On Buoyant Note; TSX Gains Over 1%

Canadian Market Ends On Buoyant Note; TSX Gains Over 1%

The Canadian market closed on a buoyant note on Wednesday, lifted by strong gains in technology, energy and financials sectors. Stocks from consumer staples and industrials sectors too posted impressive gains, as investors largely cheered Donald Trump's victory in the U.S. Presidential Election.
RTTNews | 7小时11分钟前