FTSE 100 Edges Lower As IMF Slashes Growth Outlook

RTTNews | Pred 821 dňami
FTSE 100 Edges Lower As IMF Slashes Growth Outlook

(RTTNews) - U.K. stocks opened lower on Tuesday after the International Monetary Fund (IMF) said the British economy will shrink by 0.6 percent in 2023, rather than grow slightly as previously predicted, reflecting high energy prices and factors such as high inflation. The benchmark FTSE 100 was down 45 points, or 0.6 percent, at 7,740 after gaining 0.3 percent in the previous session.

British American Tobacco dropped half a percent after announcing an overhauling of its management structure.

Johnson Matthey was slightly lower after announcing a long-term strategic partnership with Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy.

Ricardo gained about 1 percent after keeping its FY guidance unchanged.

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Australian Market Turns To Modest Gains In Mid-market

Australian Market Turns To Modest Gains In Mid-market

The Australian market is turning its early losses to modest gains in mid-market moves on Thursday, extending the gains in the previous five sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,100 level, with gains in some technology stocks nearly offset by weakness in mining and energy stocks amid softer commodity prices.
RTTNews | Pred 46 minútami
Asian Markets Mostly Higher In Holiday Trade

Asian Markets Mostly Higher In Holiday Trade

Asian stock markets are mostly higher on Thursday, following the mixed cues from Wall Street overnight, with most major markets in the region closed for Labor Day, including China. Traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
RTTNews | Pred 1 h 15 min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is trading slightly higher on Thursday, extending the gains in the previous five sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 36,100 level, with a mixed performance across most sectors as traders remain cautious ahead of the Bank of Japan's latest monetary policy decision.
RTTNews | Pred 2 h 40 min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, snapping a five-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,100 level, with slight weakness across most sectors led by mining and energy stocks. Some gold stocks were gaining.
RTTNews | Pred 3 h 20 min
Little Movement Seen For Japan Stock Market

Little Movement Seen For Japan Stock Market

The Japanese stock market has finished higher in five straight sessions, rallying almost 1,850 points or 5 percent along the way. The Nikkei 225 now sits just beneath the 36,050-point plateau and it's likely to hold steady in that neighborhood again on Thursday.
RTTNews | Pred 5 h 12 min
Japan Rate Decision On Tap For Thursday

Japan Rate Decision On Tap For Thursday

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to leave its benchmark lending rate unchanged at 0.50 percent.
RTTNews | Pred 6 h 12 min