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Yahoo
22 minutes ago
- Yahoo
FTSE 100 LIVE: Markets muted as Zelensky to meet Starmer before Trump-Putin summit
The FTSE 100 (^FTSE) fell and European stocks moved cautiously higher on Thursday morning, gaining ground amid rising hopes of a potential ceasefire in the Russia-Ukraine war. UK prime minister Keir Starmer said this week there is a "viable chance" of an end to the conflict ahead of US president Donald Trump's meeting with Russian president Vladimir Putin in Alaska. Trump warned of "very severe consequences" if Putin does not agree to end the war in Ukraine. Trump spoke with European leaders on Wednesday. Starmer said that "any ceasefire would have to be lasting and to be lasting it would need security guarantees[...] That is why we set up this coalition of the willing." Markets in London were also reacting to the latest UK GDP figures, which showed that growth slowed in the second quarter — the latest data point evidencing the shaky ground the UK economy is standing on heading into the autumn budget. London stocks fell about 0.3% at the opening bell. Commodities stocks such as Rio Tinto (RIO.L) and Shell (SHEL.L) were among the top fallers in the index. The DAX (^GDAXI) in Germany ticked up 0.1% Paris's CAC 40 (^FCHI) rose 0.2% The pan-European STOXX 600 (^STOXX) gained around 0.1% ahead of the latest EU GDP reading. Admiral stock pops AJ Bell investment director Russ Mould, said: Bitcoin at record highs Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK UK industrial production figures outstrip expectations Here are the top line figures: Drop in rental listings spells price rises: RICS Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Investors bet on a slow in pace of ECB rate cuts: Reuters Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Dow within striking distance of all-time highs as US rate cut priced in US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. Weaker growth bad sign for consumers, say analysts Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: 'More to do', says Reeves Chancellor Rachel Reeves commented on the GDP figures: UK economic growth slows between April and June Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Good morning! Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to stock pops AJ Bell investment director Russ Mould, said: AJ Bell investment director Russ Mould, said: Bitcoin at record highs Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK UK industrial production figures outstrip expectations Here are the top line figures: Here are the top line figures: Drop in rental listings spells price rises: RICS Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Investors bet on a slow in pace of ECB rate cuts: Reuters Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Dow within striking distance of all-time highs as US rate cut priced in US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. Weaker growth bad sign for consumers, say analysts Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: 'More to do', says Reeves Chancellor Rachel Reeves commented on the GDP figures: Chancellor Rachel Reeves commented on the GDP figures: UK economic growth slows between April and June Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Good morning! Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to it. Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
- Yahoo
In the news today: Air Canada flight cancellations, Alberta's third summer town hall
Here is a roundup of stories from The Canadian Press designed to bring you up to speed... Some Air Canada flights to be cancelled today Some Air Canada flights that were scheduled to take off today will be cancelled as the airline braces for a work stoppage this weekend. The union that represents around 10,000 Air Canada flight attendants is poised to strike just before 1 a.m. on Saturday, as the airline also plans to lock out those workers. Air Canada says it will begin cancelling flights today, with more disruptions Friday and a complete stoppage by Saturday if it doesn't reach a last-minute deal with the flight attendants' union. It says customers whose flights are cancelled will be eligible for a full refund, and it has also made arrangements with other Canadian and foreign carriers to provide alternative travel options "to the extent possible." Smith to lead Alberta panel at third town hall A travelling panel collecting public feedback on Alberta's grievances with Ottawa is set to make its third summer town hall stop tonight. Premier Danielle Smith and 15 other members of her Alberta Next panel are scheduled to be in Edmonton to brainstorm with people about possible future referendum questions. The premier has said one of the reasons for the panel is to address concerns that are inspiring separatist sentiment in the province. Its agenda focuses on six policy ideas, including pulling out of the Canada Pension Plan and creating a provincial police force to replace the RCMP. Ottawa should help fixer's family, ex-general says A former top general says it would be "unconscionable" for Ottawa to allow the family of an Afghan translator who risked his life to help Canadian soldiers to be deported back to Afghanistan. Retired general Rick Hillier, a former chief of the defence staff, said it would be appalling if Canada failed to help the ex-translator's sister, who fled to Turkey from Afghanistan but has been denied permission to remain in that country. "That would be unconscionable, if she ends up getting deported from Turkey and has to go back to Afghanistan to live under that brutal Taliban regime -- who hate women just as a starting point," Hillier told The Canadian Press in a recent interview. "We can do better." Chinese tariff on canola seed comes into force A Chinese tariff of nearly 76 per cent on Canadian canola seed is set to come into force today. The duty, announced Tuesday, has already caused the price of one of Canada's most valuable crops to fall, wiping out millions of dollars in its value. It comes a year after China launched an anti-dumping investigation into Canadian canola. The investigation was in response to Canada's 100 per cent tariff on Chinese electric vehicles, and the two countries have since hit each other with various levies. Canola farmers and Ottawa have rejected claims of dumping, arguing exporters have followed rules-based trade. Simons opens first Toronto department store Wandering through Simons's newest store a day before it opened on Thursday, Bernard Leblanc had a quiet confidence despite the busyness surrounding him. Across almost every inch of the flagship store at Yorkdale mall in Toronto, staff were scurrying to unwrap and steam the last of the location's merchandise, vacuum carpets and dress mannequins. The seemingly menial tasks belied the enormity of what they were all preparing for: Simons's entry into the venerable Toronto market. That feat has been a long time coming. La Maison Simons is 185 years old but has taken such a methodical expansion outside its home province of Quebec that it only counted 17 stores until now. While it's long wanted to head to Toronto, it somehow detoured through Halifax, Vancouver and even the city's outskirts in nearby Mississauga before forging its way into the heart of Ontario on Thursday. TIFF backtracks after pulling Oct. 7 documentary The Toronto International Film Festival has changed course after pulling a documentary about the Oct. 7, 2023, Hamas attacks in Israel from its lineup. In a statement sent Wednesday evening, TIFF chief executive officer Cameron Bailey said the festival would work with filmmaker Barry Avrich to find a way to screen the film. Bailey denied allegations that its previous decision to disinvite the film was a case of censorship. Earlier in the day, TIFF said that the doc titled "The Road Between Us: The Ultimate Rescue" didn't meet the festival's requirements, including "legal clearance of all footage." --- This report by The Canadian Press was first published Aug. 14, 2025 The Canadian Press
CNN
22 minutes ago
- CNN
Prosecutors clear Florida deputy in arrest of a Black man punched and dragged from his car
Prosecutors will take 'no further action' against a Florida sheriff's deputy in the arrest of a Black college student pulled from his car and beaten by officers during a February traffic stop. The actions of Officer D. Bowers of the Jacksonville Sheriff's Office did not constitute a crime, according to an investigative report released by the State Attorney's Office for the Fourth Judicial Circuit of Florida. A video showing officers punching and dragging William McNeil from his car sparked nationwide outrage, though Jacksonville Sheriff T.K. Waters has said there's more to the story than the cell phone video that went viral online and that McNeil was repeatedly asked to exit his vehicle. In the investigative memo released Wednesday, prosecutors called the cell phone footage 'incomplete in scope' and said Bowers made a lawful traffic stop when he pulled McNeil over and that Bowers' use of force was justified. 'The State Attorney's Office has reviewed this matter to determine whether any of Officer Bowers' actions constitute a crime. We conclude they do not,' the report reads. According to the report, Bowers stopped McNeil for failing to turn on his headlights and buckle his seatbelt, after seeing his SUV parked outside a house the officer was surveilling for 'drug activity.' Based on a review of officer body camera footage, interviews the Jacksonville Sheriff's Office conducted with the officers involved and statements by McNeil, prosecutors said Bowers gave McNeil a dozen 'lawful commands,' which he disobeyed. After Bowers pulled him over, McNeil questioned the stop and declined to provide his license and registration. Though he earlier had his car door open while talking with an officer, he later closed it and appeared to keep it locked for about three minutes before the officers forcibly removed him, the video shows. 'It is the officers' body-worn camera footage that provides the additional needed context of the circumstances preceding, surrounding, and following McNeil's arrest,' the report reads. A statement from McNeil's lawyers, Ben Crump and Harry Daniels, called the report clearing the deputy 'little more than an attempt to justify the actions of Officer Bowers and his fellow officers after the fact.' Crump is a Black civil rights attorney who has gained national prominence representing victims of police brutality and vigilante violence. 'Frankly, we expected nothing less especially after Sheriff Waters announced their conclusions more than three weeks before the report was issued,' the statement said. 'Since they are unwilling to seek justice, we will have to request that the U.S. Department of Justice investigate this incident and the Jacksonville Sheriff's Office.' Previously, Crump has fiercely criticized prosecutors' finding that officers did not commit any criminal wrongdoing, saying his client remained calm while the officers who are trained to deescalate tense situations were the ones escalating violence. Crump said the case harkened back to the Civil Rights movement, when Black people were often attacked when they tried to assert their rights.
