FTSE 100 Rises As Pound Slips Ahead Of BoE Rate Decision

RTTNews | 881 hari yang lalu
FTSE 100 Rises As Pound Slips Ahead Of BoE Rate Decision

(RTTNews) - U.K. stocks rose slightly to hit another record high on Wednesday while the British pound slipped before the Bank of England's policy announcement on Thursday.

There's little expectation of an immediate cut, but investors are looking for a clearer signal on whether the central bank plans to start cutting interest in the summer.

The benchmark FTSE 100 was up 27 points, or 0.3 percent, at 8,341 after climbing 1.2 percent on Tuesday.

AstraZeneca rallied 1.6 percent. The drug maker said it has initiated a process to withdraw its Vaxzevria COVID-19 vaccine worldwide, citing weak demand and the surplus availability of new vaccines.

Oil & gas giant BP Plc fell over 2 percent, a day after reporting a 45 percent drop in Q1 earnings.

Real estate investment trust Workspace Group declined 1.7 percent after appointing Lawrence Hutchings as its CEO designate.

Informa jumped 2.3 percent. The publishing and exhibitions company has lifted its share buyback program by 50 percent after a strong start to 2024.

Lender HSBC Holdings gained more than 1 percent as it announced the anticipated launch of four separate offers to purchase for cash any and all of the four series of notes.

baca selengkapnya
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market closed on a firm note on Tuesday, tracking global markets, as oil prices fell and bond yields dropped.
RTTNews | 3 jam 22 menit yang lalu
U.S. Trade Deficit Widens To Seventeen-Month High In August

U.S. Trade Deficit Widens To Seventeen-Month High In August

A report released by the Commerce Department on Tuesday showed the U.S. trade deficit widened by more than expected in the month of August. The Commerce Department said the trade deficit increased to $105.6 billion in August from a revised $92.8 billion in July.
RTTNews | 7 jam 28 menit yang lalu
German Factory Orders Plunge

German Factory Orders Plunge

Germany's factory orders declined sharply in August largely due to the fall in demand for aircraft, ships, trains and military vehicles, official data revealed Tuesday. Factory orders plunged 10.6 percent from the previous month, in contrast to the 3.2 percent rise in July, Destatis reported. Orders were forecast to decrease moderately by 0.9 percent.
RTTNews | 7 jam 53 menit yang lalu
Canadian Stocks Poised For Positive Open Amid Easing Oil Prices

Canadian Stocks Poised For Positive Open Amid Easing Oil Prices

Higher Canadian and U.S. futures, declining oil prices, and lower global bond yields suggest a positive market open on Bay Street Tuesday. West Texas Intermediate Crude fell 2.63% to $87.08 per barrel, while gold and silver futures gained.
RTTNews | 8 jam 41 menit yang lalu
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Tuesday, as European stocks traded higher as Brent crude prices dipped below $100 a barrel on signs of resilient Middle Eastern crude exports and Euro zone bond yields fell, helping reduce the spread between French and German 10-year yields.
RTTNews | 9 jam 23 menit yang lalu