Stocks in London are set to open higher on Wednesday, ahead of UK data which is expected to show the rate of inflation has moved to within reach of the Bank of England s 2% target.
IG says futures.
Stock prices in London traded lower on Wednesday afternoon, after a more robust than expected UK inflation reading damped Bank of England rate cut expectations.
The FTSE 100 index traded down 28.02.
Asian shares have tracked Wall Street’s rally, led by a 2.4% advance for Tokyo’s benchmark Nikkei 225 index powered by strong gains for semiconductor makers. Japan’s benchmark Nikkei 225 gained more than 900 points to close at 38,460.08, its highest level in a month. Shares in computer chip company Renesas Electronics Corp. jumped 10.5%, while rival Tokyo Electronic surged 7.1%.
HONG KONG (AP) Asian shares have tracked Wall Street’s rally, led by a 2.4 per cent advance for Tokyo’s benchmark Nikkei 225 index powered by strong gains for semiconductor makers. US futures rose while oil prices edged higher. Japan’s benchmark Nikkei 225 gained more than 900 points to close at 38,460.08, its highest level […]