FTSE 100 Declines As Rate Cut Hopes Fade
(RTTNews) - U.K. stocks slipped into the red on Thursday after Bank of England (BoE) policymaker Megan Greene said interest rate cuts in the U.K. should be a way off" and that Britain has a higher risk of persistent inflation than the U.S.
The benchmark FTSE 100 was down 15 points, or 0.2 percent, at 7,946 after rising 0.3 percent in the previous session.
Kenmare Resources slumped 6 percent. The mining firm said shipments fell in the first quarter of the year, but it remains on track to meet guidance for the year.
Artificial intelligence cybersecurity firm Darktrace surged 6.2 percent after it reported a return to growth for its third quarter.
Biopharma giant AstraZeneca added 1.5 percent after promising to increase its dividend this year.
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Singapore Retail Sales Data Due On Monday
Singapore will on Monday release August figures for retail sales, highlighting a modest day for Asia-Pacific economic activity. In July, sales were up 0.9 percent on month and 1.5 percent on year.
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Swiss Market Ends On Firm Note
Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment.
Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
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European Markets Recover From Multi-month Lows, Close On Positive Note
A day after falling to multi-month lows, European markets rebounded fairly strongly on Friday as oil prices fell sharply and bond yields dropped, easing concerns about inflation and interest rates a bit.
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Canadian Market Remains Firmly Up In Positive Territory
The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment.
Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
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U.S. Factory Orders Inch Up In Line With Estimates In August
A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
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U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
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Euro Slides Against Majors
The euro weakened against other major currencies in the European session on Friday.
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Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk
Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.
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