The Bank of England today announced another hike in interest rates on concerns UK's strengthened economy could trigger inflation.
While the base rate increased by a quarter point to 4%, the benchmark FTSE 100 ended the day down 14.1 points at 4,384 led by Shell Transport & Trading. The company fell 7.5p to 358p after Royal Dutch/Shell Group, in which Shell Transport & Trading holds a 40% stake, said fourth-quarter profit fell 33% because of the cost of shutting a plant and writedowns. In the US, the Dow Jones Industrial Average index is currently down 2.45 points to 10,468.29 and the S&P 500 index is also down 1.82 points to 1,124.70. And the Nasdaq Composite index has so far gained 0.84 points to 2,014.98. ...
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