US EditionFTSE 100 Makes Headway Ahead of Likely Bank of England Rate Cut
- The FTSE 100 rose by 1.1% to 9,751.31 points on Monday ahead of key economic data and a potential interest rate cut by the Bank of England later this week.
- Tom Stevenson of Fidelity International mentioned there's a 90% chance of a quarter-point rate cut by the Bank of England, marking six cuts since summer 2024.
- Shares in Ukraine-focused Ferrexpo increased by 6.2%.
- Frasers' stock jumped 7.9% after announcing a £70 million share buyback, which Bank of America described as an 'early festive gift' for shareholders.
11 Articles
11 Articles
Ftse 100 gains momentum in anticipation of Bank of England base rate cut
The Ftse 100 rose sharply on Monday as investors positioned themselves ahead of this week’s Bank of England interest rate decision.London’s blue-chip index climbed 102.28 points to close at 9,751.31, a gain of 1.1 per cent.The advance came as markets increasingly priced in a further reduction in borrowing costs when policymakers meet on Thursday.Mid-cap stocks also moved higher, with the Ftse 250 rising 172.61 points, or 0.8 per cent, to finish …
Evening Standard
FTSE 100 makes headway ahead of likely Bank of England rate cut
The FTSE 100 index closed up 102.28 points, 1.1%, at 9,751.31.
In London, FTSE 100 closed with expectations for monetary policy decisions of the ECB (European Central Bank) and of the BoE (European Bank), on Thursday (18). European markets also await the disclosure of important North American data, such as the payroll and CPI (the consumer price index), which demonstrate the health of the world's largest economy. In London, FTSE 100 closed at 1.06%, at 9751.31 points. In Frankfurt, DAX grew 0.30%, CAC 40 po…
FTSE 100 Builds Momentum As Monetary Outlook Evolves
The FTSE 100 opened the week with a measured but notable lift, aided by growing expectations that the Bank of England is finally ready to adjust course on interest rates. After a long phase of holding firm, monetary policy in the UK is now leaning towards accommodation. At the centre of this is the assumption, now more consensus than speculation, that the BoE will cut its base rate by 25 basis points, easing it from 4.0% to 3.75%. Recent UK econ…
FTSE 100 jumps ahead of wave of global economic data
Could this be the start of the Santa rally? The FTSE 100 jumped on Monday, with most constituent shares gaining ahead of the Bank of England interest rate decision on Thursday. London’s leading index shook off a poor session for US shares on Friday, gaining 0.9% as cyclical sectors drew investor interest. “Despite a sell-off […] The post FTSE 100 jumps ahead of wave of global economic data appeared first on UK Investor Magazine.
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