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[hfe_template id='11223'] [ad_1] British equities opened higher on Thursday, buoyed by expectations of a rate cut by the European Central Bank, while mining firm Antofagasta added to the gains. By 7:07 GMT, the blue-chip FTSE 100 edged up 0.1% to 8,258.58 points, poised for a second consecutive day of gains, while the pound held steady at $1.2796. The mid-cap FTSE 250 was up 0.3%. Investors await the ECB's monetary policy decision, due at 1215 GMT, while remarks from the central bank's president, Christine Lagarde, will be scrutinized for clues on the interest rate trajectory. On Wednesday, the Bank of Canada led the charge among G7 nations by initiating its rate easing cycle. The Bank of England is poised to align closely with the ECB's forthcoming rate action. Britain's central bank is scheduled to convene in two weeks. Among individual stocks, John Wood Group surged 9% after the oilfield services and engineering firm said its board has decided to eng...

[hfe_template id='11223'] [ad_1] Workday shares dropped more than 13% on Friday, after the human resources software provider pared back its annual subscription revenue forecast as economic uncertainty and slower hiring hurt demand for its payroll services. Enterprises have slowed down hiring of new employees as they navigate pressures from higher-for-longer interest rates and sticky inflation. Workday is set to lose about $9 billion in market value, if losses hold. The company expects subscription revenue to be between $7.70 billion and $7.73 billion for the fiscal year 2025, down from its prior forecast of $7.73 billion to $7.78 billion, it said after markets closed on Thursday. Analysts currently expect full-year subscription revenue at $7.73 billion, according to LSEG data. "While growth will be incrementally slower, we believe the driver is macro, not company-specific," Bernstein analysts wrote in a note. U.S. job growth slowed more than expected in April...

[hfe_template id='11223'] [ad_1] U.S. stocks rose on Friday, as investors eagerly awaited comments from Federal Reserve officials to get more clarity on the U.S. monetary policy path, after economic data this week supported bets of interest rate cuts. Wall Street indexes were inching closer to record highs following a selloff last month, as a slew of economic data pointed to a cooling U.S. labor market, raising expectations that the Fed will cut borrowing costs more than once this year. A much better-than-expected earnings season has also helped put the benchmark S&P 500 and the tech-heavy Nasdaq Composite on track for their third consecutive week of gains. The Dow Jones Industrial Average was up for the eight straight session, its longest daily winning run since December, and set for a fourth week of gains. The blue-chip index was also closing in on the 40,000 threshold for the first time."This is the classic point of bad news is good news because the employmen...