Business, Economics, Stock markets, FTSE, Technology, Microsoft, Apple, Computing Business | The Guardian
Rolling coverage of the latest economic and financial newsStocks have opened higher across Europe, as investors anticipate a long-awaited cut to US interest rates tomorrow.In London, the FTSE 100 share index has jumped by 61 points, or 0.75%, to 8338 points. Financials, energy and healthcare are the best-performing sectors.“The upcoming decision by the Federal Reserve stands on a knife’s edge, with the market almost evenly split on whether the cutting cycle will start on a 25bp cut or a 50bp one.Market expectations for a jumbo cut have risen relentlessly over the past few days on little news other than statements from former Fed officials like William Dudley and are now at above 60%.Recovery in seasonal sales since early July and weak ‘big-ticket’ sales as expected. Continue reading…
Rolling coverage of the latest economic and financial news
Stocks have opened higher across Europe, as investors anticipate a long-awaited cut to US interest rates tomorrow.
In London, the FTSE 100 share index has jumped by 61 points, or 0.75%, to 8338 points. Financials, energy and healthcare are the best-performing sectors.
“The upcoming decision by the Federal Reserve stands on a knife’s edge, with the market almost evenly split on whether the cutting cycle will start on a 25bp cut or a 50bp one.
Market expectations for a jumbo cut have risen relentlessly over the past few days on little news other than statements from former Fed officials like William Dudley and are now at above 60%.
Recovery in seasonal sales since early July and weak ‘big-ticket’ sales as expected.
