Market updates

FTSE 100 falls post tax plan U-turn
October 04, 2022 12:13 AM AEDT| By Rishika RainaUK Chancellor Kwasi Kwarteng referred to the 45p tax rate as a distraction.

FTSE 100 trades higher as GDP grows by 0.2%
September 30, 2022 10:53 PM AEST| By Abhishek SharmaUK Market:,The UK market was trading in the green on Friday as the Office of National Statistics (ONS) reported that the UK's Gross Domestic Product (GDP) grew by 0.2% in the quarter to June. The number surpassed the previous forecasts of a 0.1% decl...

FTSE 100 falls with BoE’s intervention to reach £65 billion
September 29, 2022 11:36 PM AEST| By Rishika Raina. Moving in line with the drops on continental European bourses, London’s FTSE 100 also took a hit.

FTSE 100 hits 17-month low as fears about economy grow
September 28, 2022 10:44 PM AEST| By Abhishek SharmaUK Market:,The UK market was trading in red amid concerns over the government's recent move to slash tax rates. The benchmark FTSE 100 fell to a 17-month-low in the afternoon trade as the International Monetary Fund (IMF) openly criticised the UK's n...

FTSE 100 moves higher as Treasury pledges to gold full-budget in Spring
September 27, 2022 11:32 PM AEST| By Rishika RainaThe index made modest gains following the Treasury vowing to hold a full Budget in the spring.

FTSE 100 in red as pound crashes to all-time low against dollar
September 26, 2022 10:49 PM AEST| By Abhishek SharmaUK Market:,The UK market was trading in red after the pound sterling crashed to an all-time low against the US dollar. Investors awaited an expected announcement from the Bank of England following the development, which came after Chancellor Kwasi Kw...

FTSE 100 tumbles after mini-budget announcements
September 23, 2022 11:21 PM AEST| By Rishika RainaEarlier today it was unveiled that GfK’s consumer confidence index dropped by five points in September to -49.

UK market falls as Bank of England raises interest rates
September 22, 2022 11:01 PM AEST| By Abhishek SharmaUK Market:,The UK market tumbled into red after the Bank of England raised the interest rates by another 50 bps, taking it to 2.25%. This is the seventh consecutive hike by the bank, and it has taken the interest rates to the highest levels since Nov...

FTSE 100 moves higher as business get price cap, housing stocks lead
September 21, 2022 11:32 PM AEST| By Rishika RainaUnder the government’s support package, UK businesses have been given a six-month emergency energy price cap.

FTSE 100 slips into red after upbeat start
September 20, 2022 11:16 PM AEST| By Abhishek SharmaUK Market:,The UK market started the week in an upbeat mood on Tuesday but couldn't maintain the gains till noon. Traders returning from the UK bank holiday that marked Queen Elizabeth's funeral exercised caution as they focused on the interest rate...

FTSE 100 trades in red as EU inflations hits 9.1%
September 16, 2022 11:22 PM AEST| By Abhishek SharmaUK Market:,The UK stock market traded in red as investors digested the latest numbers on inflation in Europe, which reached 9.1% in August. At around 1:20 pm GMT+1, the blue-chip FTSE 100 index traded 0.20% lower, while the FTSE 250 was down 0.42%. M...

FTSE 100 moves higher while debit and credit card spending falls
September 15, 2022 11:14 PM AEST| By Rishika RainaPeople in the UK have cut back on their spending on credit as well as debit cards.

FTSE 100 slides as inflation unexpectedly falls
September 14, 2022 11:15 PM AEST| By Rishika RainaConsumer price inflation fell from 10.1% in July to 9.9% in August.

FTSE stocks to explore as house price growth hits 19-year high
September 14, 2022 08:55 PM AEST| By Abhishek SharmaHighlights:,Housing rates in the country jumped by 15.5% in annual terms in July.,The prices are expected to rise further this year due to interest rate hikes by the Bank of England.,The UK,property market,is showing signs of a cooldown, but that isn...

FTSE 100 reverses gains ahead of US inflation data
September 13, 2022 11:13 PM AEST| By Abhishek SharmaUK Market:,The UK stock market gained in the early trading hours on Tuesday but failed to continue the momentum and slipped into red by the afternoon. At around 1:30 pm GMT+1, the blue-chip FTSE100 index was trading 0.08% lower, while the FTSE 250 in...

FTSE 100 moves higher as GDP grows in July
September 12, 2022 11:03 PM AEST| By Rishika RainaThe Office for National Statistics unveiled today that the UK GDP growth stood at 0.2% in July.

FTSE 100 edges higher as King Charles III becomes monarch
September 09, 2022 10:52 PM AEST| By Abhishek SharmaUK Market:,The UK markets remained in an upbeat mood on Friday even as the nation mourned the death of Queen Elizabeth II. At around 1:00 pm GMT+1, the benchmark FTSE 100 index was up 1.40%, led by mining companies. The FTSE 250, on the other hand, w...

FTSE 100 reverses early gains as Truss announces energy support package
September 08, 2022 10:51 PM AEST| By Abhishek SharmaUK Market:,The UK markets reversed early gains ahead of the European Central Bank's key meet in which a significant hike in interest rates is likely to be announced. At around 12:50 pm GMT+1, the benchmark index FTSE 100 was down 0.01%, while the FTS...

FTSE 100 tumbles as oil prices hit nine-month low
September 07, 2022 10:42 PM AEST| By Abhishek SharmaUK Market:,The UK stock market slumped on Wednesday as global oil prices hit a nine-month low amid fears of weak demand. At about 1:00 pm GMT+1, the benchmark FTSE 100 index was down over half a per cent, while the mid-cap-focused FTSE 250 slipped ab...

FTSE 100 registers gains as Liz Truss takes over as UK prime minister
September 06, 2022 10:45 PM AEST| By Abhishek SharmaUK Market:,The UK stock market was in an upbeat mood after the country got a new prime minister on Tuesday. Liz Truss, who served as the foreign secretary during Boris Johnson's tenure, took over as the new UK PM and the Conservative Party leader. Th...
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