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FTSE 100 Inches Higher Ahead Of BoE Bailey Testimony

RTTNews | 1267 days ago

FTSE 100 Inches Higher Ahead Of BoE Bailey Testimony

(RTTNews) - U.K. stocks rose on Tuesday as banking concerns eased and a recovery in crude prices lifted commodity stocks.

Meanwhile, U.K. shop prices logged another record increase in March due to the historical growth in food and non-food prices, data from the British Retail Consortium showed earlier today.

The BRC- NielsenIQ shop price index increased 8.9 percent on a yearly basis in March, faster than the 8.4 percent rise in February.

The annual growth was primarily driven by another record 15.0 percent growth in food prices. Non-food prices also posted a record gain of 5.9 percent.

The benchmark FTSE 100 was up 23 points, or 0.3 percent, at 7,493 ahead of testimony to Parliament about Silicon Valley Bank by the governor of the Bank of England.

Miners Anglo American and Glencore rose over 1 percent each while oil & gas firm BP Plc jumped 1.7 percent and Shell added 1.3 percent.

Banks HSBC, Barclays and Lloyds Banking were seeing modest gains.

Online supermarket Ocado tumbled 4 percent after keeping its profit guidance for the full year.

Beverage firm Diageo shed 1 percent on news that CEO Ivan Menezes will retire at the end of June.

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Canadian Market Headed For Weak Close

Canadian Market Headed For Weak Close

he Canadian market is down firmly in negative territory Tuesday afternoon, weighed down by rising bond yields and worries about inflation amid elevated oil prices. The Fed is widely expected to raise interest rate by 25 basis points. The post-meeting comments are eyed for clues about the central bank's future rate path.

RTTNews | 40 minutes ago

Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

The Switzerland stock market ended weak on Tuesday as worries about geopolitical tensions, rising bond yields and elevated oil prices rendered the mood cautious.

RTTNews | 1h 14min ago

European Stocks Close Weak

European Stocks Close Weak

European stock markets ended lower on Tuesday as investors awaited monetary policy decisions from the Federal Reserve, Bank of England, and Bank of Japan. Rising bond yields, elevated oil prices following Saudi pipeline closures, and mixed economic data across the region weighed on sentiment.

RTTNews | 1h 29min ago

New York Manufacturing Index Pulls Back Sharply But Remains Positive

New York Manufacturing Index Pulls Back Sharply But Remains Positive

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RTTNews | 5h 35min ago

New York Manufacturing Index Slumps Much More Than Expected In September

New York Manufacturing Index Slumps Much More Than Expected In September

The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth.

RTTNews | 6h 29min ago

Bay Street Likely To Open On Slightly Weak Note

Bay Street Likely To Open On Slightly Weak Note

Weak Canadian and U.S. futures, lower precious metals prices and concerns about inflation and interest rates could weigh on Canadian stocks Tuesday morning. Investors look ahead to Federal Reserve's monetary policy announcement on Wednesday.

RTTNews | 6h 38min ago

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Tuesday.

RTTNews | 6h 56min ago

FTSE 100 Recovers Despite Weak UK Jobs Data, Oil Concerns

FTSE 100 Recovers Despite Weak UK Jobs Data, Oil Concerns

The FTSE 100 recovered from early losses on Tuesday as consumer and real estate stocks rallied. Disappointing employment data and oil price concerns pressured equities, while traders awaited policy guidance from global central banks.

RTTNews | 7h 25min ago

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