FTSE 100 Slips On Fed, China Woes
(RTTNews) - U.K. stocks hit five-week lows on Thursday, with sentiment dented by growing worries around China's shuttering economy and fresh worries that the U.S. Federal Reserve may raise rates again to tame stubborn inflation.
The benchmark FTSE 100 was down 21 points, or 0.3 percent, at 7,335 after declining 0.4 percent on Wednesday.
The dollar hovered around a two-month high after the minutes of the Federal Open Market Committee (FOMC) meeting held on July 25-26 showed that Fed officials remain concerned about upside risks to inflation.
BAE Systems slumped nearly 4 percent after the defense firm said it had agreed to buy Ball Corp's aerospace business for about $5.55 billion in cash.
Rank Group advanced 1.6 percent. The gambling group posted a 5.9 percent increase in revenue in its 2022-23 financial year, though increased impairment costs led to a statutory net loss.
CAC 40 Down Pares Early Gains, Down Slightly At Noon
Gold Tumbles On Rate Hike Fears
DAX Pares Early Gains, Down Nearly 0.5%; Auto Stocks Decline
Oil Holds Steady After Recent Losses
Asian Shares Mixed Ahead Of Xi-Trump Summit
NZ Dollar Slides Against Most Majors
Australian Dollar Falls Against Majors
