FTSE 100 Gains After Fed's Dovish Rate-Cut Signal - News Summed Up

FTSE 100 Gains After Fed's Dovish Rate-Cut Signal


Retailers, miners and house builders are among today's main risers, with online grocer Ocado's stock increasing 12%. The BOE is expected to hold rates at 5.25% but markets increasingly expect rate cuts in 2024 after U.K. GDP contracted in October, she says. (edward.frankl@wsj.com)---U.K. Gilt Yields Fall Ahead of BOE Meeting1021 GMT - U.K. gilt yields decline before a Bank of England decision at 1200 GMT. Markets fully price a first BOE rate cut in May and price a strong possibility for March, Refinitiv data show. The 10-year gilt yield falls 15 basis points to 3.680% while the 2-year gilt yield falls 16bps to 4.214%, Tradeweb data show.


Source: Wall Street Journal December 14, 2023 17:35 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */