London stocks advanced on Friday as the pound fell following a retail sales reading that boosted expectations of a Bank of England interest rate cut next month, with the blue-chip FTSE 100 hitting all-time highs.
FTSE falls as gilt yields keep rising and dashed US rate cut hopes hit stocks - A combination of rising borrowing costs and dashed hopes of an imminent rate cut in the US hit London’s premier stock index.
U.K. stocks are up firmly in positive territory Wednesday morning, outperforming other major markets in Europe, after data showed an
UK stocks make a comeback, as BoE rate cut bets soar.
Three major US banks are set to report -- JPMorgan Chase, Goldman Sachs and Citigroup, in that order. Their reports will be scoured not only for clues on the health of investment banking, but on the US economy.
The UK's FTSE 100 dropped slightly due to declines in banking stocks, overshadowing energy gains. As investors anticipate economic data, domestic FTSE 250 also fell. Rising British yields and investor wariness over the Federal Reserve's actions contributed to market uncertainties.
Real estate stocks bounced back to green after a not-so-positive start to 2025 as the core consumer price index unexpectedly surprised to the downside. Equities and especially bonds caught a major break on the report,
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
Global equities rallied on Friday as traders digested corporate results and prepared for US President-elect Donald Trump's inauguration next week, pushing London's benchmark FTSE 100 and Frankfurt's D
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Britain's FTSE 100 closed at a near eight-month high on Thursday, as investors cheered upbeat earnings and signs of cooling inflation that could keep major central banks on track for further interest rate cuts.