Rate Hike Fears Weaken Sentiment At FTSE-100

RTTNews | 868 dagar sedan
Rate Hike Fears Weaken Sentiment At FTSE-100

(RTTNews) - FTSE 100 of the London Stock Exchange shed more than quarter percent amidst fears over the length and depth of rate hikes by central banks. The Fed's decision is due later in the day whereas the Bank of England would announce its decision on Thursday.

Meanwhile, the annual inflation rate in the U.K. slowed more than expected to 10.7 percent in November, from 11.1 percent in October, whilst markets were expecting a smaller drop to 10.9 percent.

FTSE 100 oscillated between 7,460.35 and 7,490.80 versus the previous day's closing level of 7,502.89.

The benchmark index of the London Stock Exchange is currently trading at 7,482.86, down 0.27 percent on an overnight basis.

In the 100-scrip index, only 28 are trading in the overnight green zone.

Fresnillo topped with an uptick of 3.1 percent. BT Group and Harbour Energy have both gained more than 2 percent.

Ocado group declined 3.9 percent whereas International Consolidated Airlines lost 2.7 percent.

The GBP/USD pair gained 0.20 percent to trade at 1.2379 amidst the US Dollar Index dropping 0.12 percent to 103.86.

Yields on U.K.'s ten-year bonds increased 1.23 percent to 3.3375% from the previous close of 3.2970%.

read more
U.S. Pending Home Sales Unexpectedly Spike 6.1% March

U.S. Pending Home Sales Unexpectedly Spike 6.1% March

Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
RTTNews | 33 minuter sedan
U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March. The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.
RTTNews | 37 minuter sedan
U.S. GDP Unexpectedly Dips In First Quarter As Imports Soar

U.S. GDP Unexpectedly Dips In First Quarter As Imports Soar

The Commerce Department released a report on Wednesday showing the U.S. economy unexpectedly shrank in the first quarter of 2025. The report said real gross domestic product fell by 0.3 percent in the first quarter after surging by 2.4 percent in the fourth quarter of 2024. Economists had expected GDP to rise by 0.4 percent.
RTTNews | 1h 28minuter sedan
U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of April. ADP said private sector employment climbed by 62,000 jobs in April after surging by a downwardly revised 147,000 jobs in March.
RTTNews | 1h 53minuter sedan
Eurozone GDP Growth Gains Strength In Q1

Eurozone GDP Growth Gains Strength In Q1

Euro area economic growth accelerated in the first quarter as exports may have benefited from higher demand from the U.S. ahead of the imposition of higher trade tariffs. The quarterly growth in gross domestic product doubled to 0.4 percent from 0.2 percent seen in the fourth quarter of 2024, preliminary flash estimates from Eurostat showed on Wednesday.
RTTNews | 2h 5minuter sedan
Indian Rupee Rises On Trade-deal Hopes

Indian Rupee Rises On Trade-deal Hopes

The Indian rupee strengthened against the U.S. dollar in the European session on Wednesday, as investor mood was bolstered by trade-deal prospects and foreign fund inflows.
RTTNews | 2h 43minuter sedan