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SAP, LVMH earnings nudge European stocks higher
Published at 14/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 07:50 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 06:10 -
British mid-caps jump over signs of economic growth; Babcock surges
Published at 13/04/2021 at 17:35 -
European shares pause near record highs
Published at 13/04/2021 at 17:02 -
FTSE 100 falls as stronger pound, oil stocks weigh
Published at 13/04/2021 at 08:29 -
European shares pause near record high with eyes on U.S. inflation data
Published at 13/04/2021 at 08:07 -
UK Stocks-Factors to watch on April 13
Published at 13/04/2021 at 07:49 -
UK Stocks-Factors to watch on April 13
Published at 13/04/2021 at 06:06 -
FTSE 100 ends lower as miners track lower metal prices; C4X Discovery shines
Published at 12/04/2021 at 17:08
Forex News
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FOREX-Dollar slips to three-week low as inflation fears seen baked in for now
Published at 14/04/2021 at 04:33 -
FOREX-Dollar at three-week low on tamped down fears over inflation
Published at 14/04/2021 at 02:24 -
FOREX-Dollar drops to three-week lows after inflation data
Published at 13/04/2021 at 20:48 -
FOREX-Dollar drops to three-week lows after inflation data
Published at 13/04/2021 at 15:02 -
FOREX-Dollar edges up before U.S. inflation data
Published at 13/04/2021 at 12:28 -
REFILE-FOREX-Dollar edges up as markets wait for U.S. inflation data
Published at 13/04/2021 at 11:08 -
FOREX-Dollar rises from near three-week low as traders brace for inflation data
Published at 13/04/2021 at 06:06 -
FOREX-Dollar languishes near three-week lows as traders brace for inflation data
Published at 13/04/2021 at 02:16 -
FOREX-Dollar dips before consumer price inflation data
Published at 12/04/2021 at 20:42 -
FOREX-Dollar dips before inflation data, Treasury supply
Published at 12/04/2021 at 15:23
Market News
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SAP, LVMH earnings nudge European stocks higher
Published at 14/04/2021 at 08:17 -
Japanese shares end lower as virus resurgence hits risk appetite
Published at 14/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 07:50 -
Japanese shares end lower as virus resurgence hits risk appetite
Published at 14/04/2021 at 07:43 -
Oil maintains upward momentum but virus concerns cap gains
Published at 14/04/2021 at 07:34 -
PRECIOUS-Gold gives up early gains as firm bond yields offset weak dollar
Published at 14/04/2021 at 07:03 -
GLOBAL MARKETS-World stocks hit record high as bond yields ease
Published at 14/04/2021 at 06:55 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 06:10 -
GLOBAL MARKETS-World stocks hit record high as bond yields ease with inflation fears
Published at 14/04/2021 at 03:58 -
Japanese shares edge down as rising COVID-19 cases cast doubt on economic rebound
Published at 14/04/2021 at 03:39
UPDATE 2-Banks, homebuilders shine as British shares rally on budget boost
Published at
03/03/2021 at 17:06
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* Sunak extends COVID rescue plan but moves to bring in more tax
* Micro Focus to collaborate with AWS; shares surge
* Pub operators rise on VAT cut, commercial property tax holiday
* FTSE 100 up 0.9%, FTSE 250 adds 1.2%
(Adds comment, details; Updates to close)
By Devik Jain and Shivani Kumaresan
March 3 (Reuters) - British shares rose on Wednesday, buoyed by gains in financial, leisure and homebuilding stocks as investors cheered finance minister Rishi Sunak's budget plan to steer the economy out of a coronavirus-inflicted shock.
The blue-chip FTSE 100 index closed 0.9% higher, with shares of top three British homebuilders Barratt Developments , Persimmon and Taylor Wimpey
gaining between 6% and 7%.
The wider housebuilder index added 2.8%, while banking stocks were among the top boosters.
Delivering an annual budget speech on Wednesday, Sunak extended costly emergency programmes, including a five-month extension of Britain's huge jobs rescue plan and more help for the self-employed, but also announced a future tax squeeze as he began to focus on the huge hole in the public finances.
"Sunak’s budget signalled the UK economy is almost ready to leave crisis mode," said Edward Moya, senior market analyst at OANDA in New York.
"The UK will have a great 2022, but the economy will return to trend in 2023. The withdrawal of stimulus and higher taxes will complicate the outlook after next year."
The FTSE 100 has recovered more than 35% from a coronavirus-induced crash last year, helped by a raft of stimulus measures and faster vaccine rollouts. But investors are cautious about a rise in inflation and policy tightening as lockdowns start to ease.
The domestically focused mid-cap FTSE 250 index ended 1.2% higher, led by a 13.6% jump in Micro Focus International's shares after the IT firm said it joined hands with Amazon.com Inc's cloud computing division to help customers migrate their mainframe applications and workloads to the platform.
Travel and leisure stocks also supported the index, with pub operators Marston's Plc , Mitchells & Butlers and J D Wetherspoon gaining between 3.1% and 6% after the UK extended a value-added tax (VAT) cut for cafes, restaurants and hotels by six months until Sept. 30.
(Reporting by Shivani Kumaresan and Devik Jain in Bengaluru; Editing by Rashmi Aich and Jonathan Oatis)
((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
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