In London, stocks have risen, paced by lenders and retailers amid optimism that the Bank of England may cut interest rates. Barclays Plc and Kingfisher Plc advanced.
The FTSE 100 Index climbed 13.8o points to 5259.70 at its close calming down from a high of 26.1 points, or 0.5% to 5272 earlier in the day. The benchmark extended gains after a report on U.S. retail sales for June beat economists' estimates. U.K. service companies' domestic sales fell to their lowest level in six years in the second quarter, the British Chambers of Commerce said today. That added to a report yesterday that showed jobless claims in the UK rose for a fifth month in June, are increasing pressure on the Bank of England to lower borrowing costs in order to increase growth. ...
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