The FTSE 100 was up 50.6 points to 5266.9 at morning trade. Investors are confident that rate c...
The FTSE 100 was up 50.6 points to 5266.9 at morning trade. Investors are confident that rate cuts will be announced today by the Bank of England.
The city is anticipating a 25 basis point rate cut from the BoE who announces the decision at midday. The ECB also decides on rates today.
Leading FTSE 100 gains was Invensys with a rise of 3.75p to 72.75p. The biggest faller in FTSE 100 was Hays who posted a loss of 8.25p to 174p.
Over in the US on Wednesday the Standard & Poor's 500 Index posted a decline for the first time in five days. Retailers performed especially poorly with Wal-Mart and Target pacing the fallers.
The Standard & Poor's 500 fell 3.06 to 1115.80. The Dow Jones dropped 36.75 to 9554.37 but the Nasdaq eked out a gain of 2.45 to 1837.53, its fifth advance in six days. Technology bellwethers Cisco Systems and Oracle performed particularly well.
In Tokyo stocks advanced with Toyota and Toshiba spearheading gains. The Nikkei 225 rose 146.81 to 10,431.79.
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