LONDON MARKET EARLY CALL: Higher call amid US Fed minutes optimism
Thu, 8th Apr 2021 06:59
(Alliance News) - Stock prices in London are seen opening higher on Thursday as investors digested the latest meeting minutes from the US Federal Reserve, which reaffirmed the central bank s commitment to supporting the economy.
IG futures indicate the FTSE 100 index is to open 28.68 points higher at 6,914.00. The blue-chip index closed up 61.77 points, or 0.9%, at 6,885.32 Wednesday.
The US Federal Reserve said it would continue to maintain an accommodative stance until its inflation outcomes are achieved, minutes from the mid-March meet of the Federal Open Market Committee showed Wednesday.
The Bank of England is in focus today, with
the latest interest rate decision to be made at 1200 GMT, followed by a speech by the central bank’s governor Andrew Bailey at 1230 GMT.
The BoE is not expected to adjust its policy considering it raised QE purchases in November, although the health of the UK economy will be in question considering the country has re-entered a national lockdown since then. That will push attention to the bank’s outlook and the prospects for the economic recovery this year, while investors will also be closely watching the bank’s attitude toward the possibility of introducing negative interest rates.
LONDON MARKET CLOSE: Rising Oil Majors Help Offset Sinking Glaxo
Wed, 3rd Feb 2021 16:58
(Alliance News) - It was a mixed day in London on Wednesday, with the FTSE 100 fizzling in afternoon trade as pharma giant GlaxoSmithKline took a dive.
The FTSE 100 index closed off 8.83 points or 0.1%, at 6,507.82, despite gaining as much as 0.9% in morning trading.
The FTSE 250 ended up 62.23 points, or 0.3%, at 20,752.44. The AIM All-Share closed up 9.99 points, or 0.8%, at 1,198.95.
The Cboe UK 100 ended down 0.2% at 646.49, the Cboe UK 250 closed up 0.2% at 18,286.10, and the Cboe Small Companies ended up 1.0% at 12,325.51.
In Paris, the CAC 40 ended marginally lower, while the DAX 30 in Frankfurt advanced 0.7%.
Following
2/1/2021 1:59:51 AM GMT
The greenback pared intra-day gains made in Asia and European morning and ended largely mixed on Friday. The single currency rose broadly in European morning after news reported that its unlikely that the European Central Bank will cut its interest rates. The Japanese yen was the weakest currency versus the usd dollar and climbed to a 7-month high of 104.94. Decline in U.S. stocks with the Dow shedding 620 points or down 2.03% at 29,982 dampened risk appetite.
Reuters reported U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of government-funded benefits for millions of unemployed Americans. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, slipped 0.2% last month after dropping 0.7% in November. Economists polled by Reuters had forecast consumer spending d
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