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FTSE 100 Notably Higher; Pharma Stocks Among Top Gainers

U.K. stocks are up firmly in positive territory about an hour past noon on Wednesday, with pharma stocks figuring prominently in the list of gainers following Pfizer reaching a deal with the U.S. government to lower prescription drug prices in exchange for tariff relief.
RTTNews | 351 days ago
DAX Up Nearly 0.5% As Stocks Recover After Weak Start

DAX Up Nearly 0.5% As Stocks Recover After Weak Start

After a weak start and a subsequent drop to lower levels, the German market recovered and moved into positive territory Wednesday morning, amid some relief over tariffs after the U.S. enabled patients to access discounted prescription drugs through a new federal platform.
RTTNews | 351 days ago
Eurozone Manufacturing Activity Slips Back Into Contraction

Eurozone Manufacturing Activity Slips Back Into Contraction

Eurozone manufacturing activity worsened in September reflecting a reduction in new orders and a sharper fall in job shedding, final purchasing managers' survey data compiled by S&P Global showed Wednesday. The HCOB manufacturing purchasing managers' index fell to 49.8 in September from 50.7 in August. The reading was above the flash estimate of 49.5.
RTTNews | 351 days ago
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Yen Rises Amid BoJ Rate Hike Speculation

Yen Rises Amid BoJ Rate Hike Speculation

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, amid increasing consensus that the Bank of Japan (BoJ) will continue on its policy normalization path and raise interest rates in October.
RTTNews | 351 days ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | 351 days ago
UK Nationwide House Price Growth Rises

UK Nationwide House Price Growth Rises

UK house prices growth accelerated in September amid easing borrowing costs, data from the mortgage lender Nationwide Building Society showed Wednesday. House prices logged an annual growth of 2.2 percent in September, slightly faster than the prior month's 2.1 percent rise. The annual increase was forecast to ease to 1.8 percent.
RTTNews | 351 days ago
European Economic News Preview: Eurozone Flash Inflation Data Due

European Economic News Preview: Eurozone Flash Inflation Data Due

Flash inflation and final manufacturing purchasing managers' survey results from the euro area are the top economic news due on Wednesday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to rise 1.8 percent on a yearly basis in September after climbing 2.1 percent in August.
RTTNews | 351 days ago

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