FTSE 100 Slips As Miners Drag On Growth Worries
(RTTNews) - U.K. stocks edged lower in cautious trade on Friday before the May bank holiday. Miners slipped as copper prices slipped on growth worries.
The benchmark FTSE 100 was down 24 points, or 0.3 percent, at 7,808 after declining 0.3 percent on Thursday.
Miners Anglo American, Antofagasta and Glencore fell 1-3 percent after the first estimate showed the U.S. economy grew at a much slower pace than expected in the first quarter of the year.
Insurer Prudential rallied 2.2 percent after posting a 30 percent jump in new business profit.
Education group Pearson jumped 3.2 percent after reporting better than expected annual earnings.
Lender NatWest Group plunged 5.7 percent amid disappointment over the outlook for the year.
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U.S. Dollar Rises After Fed Rate Hike
The U.S. dollar strengthened against other major currencies in the Asian session on Thursday, after the U.S. Federal Reserve delivered its first interest-rate hike since July 2023, and suggested rates may need to go still higher to get inflation under control.
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14 minutes ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Thursday.
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1h 7min ago
European Shares Seen Opening Up As Traders Shrug Off Fed Hike
European stocks are seen opening higher on Thursday after the U.S. Federal Reserve delivered its first interest-rate hike since July 2023 and suggested rates may need to go still higher to get inflation under control.
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2h 56min ago
Indian Shares Edge Higher In Cautious Trade
Indian shares eked out modest gains in cautious trade on Thursday as investors weighed a Federal Reserve's hawkish rate hike as well as tightening U.S. sanctions on Russian oil against falling crude oil prices in international markets.
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3h 46min ago
Australian Market Trims Early Gains In Mid-market
The Australian market is trimming its early gains in mid-market moves on Thursday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with gains in iron ore miners and financial stocks partially offset by weakness in gold miners, energy and technology stocks.
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5h 0min ago
Asian Markets Trade Mostly Higher
Asian markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, amid a pullback of the surge in long-term bond yields after the US Fed delivered the first interest rate hike in more than three years since July 2023. Crude oil prices also pulled back on easing Middle East supply concerns amid reports of Saudi Arabia loading crude cargoes via Oman.
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5h 11min ago
Indian Shares Seen Little Changed At Open After Fed Rate Hike
Indian shares are seen opening little changed on Thursday as investors weigh a Federal Reserve's hawkish rate hike against falling oil prices.
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5h 45min ago
Oversold Thai Stock Market Called Lower Again
The Thai stock market has moved lower in six straight sessions, retreating more than 55 points or 3.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,560-point plateau and it's expected to open under water again on Thursday.
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6h 30min ago
