Moving markets: Five things shaping the FTSE 100 today
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City AM
City AM
By City A.M. Reporter Moving markets and the FTSE 100 today: Wall St gains, RBA hikes, China exports plunge and WeWork files bankruptcy U.S. stocks closed slightly higher as investors awaited guidance from the Federal Reserve officials later in the week. However, Asian stocks broke a three-day winning streak. The Royal Bank of Australia aised rates as expected to combat inflation. China’s exports declined, and WeWork filed for Chapter 11 bankruptcy. Here are five crucial updates to kickstart your day. RBA raises rates to 12-year highThe Reserve Bank of Australia (RBA) increased interest rates …