FTSE 100 Little Changed As Investors Await Inflation Data, BoE Meeting

RTTNews | 142 days ago
FTSE 100 Little Changed As Investors Await Inflation Data, BoE Meeting

(RTTNews) - U.K. stocks were little changed on Monday after survey data from property market website Rightmove showed asking prices for British homes coming to the market were flat this month.

Separately, the Make UK Q2 Manufacturing Outlook Survey revealed that output and orders at the U.K.'s manufacturers have picked up in Q2 ahead of the forthcoming election.

Investors eye a key U.K. inflation reading and the latest policy announcement from the Bank of England later this week for further direction.

The benchmark FTSE 100 was marginally lower at 8,145 after declining 0.2 percent on Friday.

In corporate news, Ascential shares jumped 2 percent. The company focused on exhibitions, festivals, and information services, confirmed that full-year trading is in line with its expectations.

Home improvement retailer Kingfisher edged up slightly after announcing the appointment of Bhavesh Mistry as its Chief Financial Officer. Mistry is currently the CFO of British Land Company Plc (BLND.L), a real estate investment trust.

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Eurozone Private Sector Stagnates In October

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The euro area private sector stagnated in October as the contraction in manufacturing was offset by the services activity growth, final survey results published by S&P Global showed on Wednesday. The HCOB composite output index registered 50.0 in October signalling no change in private sector output. The reading was up from 49.6 in September and above the flash score of 49.7.
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Bay Street Looks Headed For Positive Start

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Spanish Services Sector Expands For 14th Month - PMI Survey

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Spain's services industry grew for the fourteenth month in a row in October led by strong improvement in sales and demand and firms increased hiring markedly in response to better business, results of the purchasing managers' survey by S&P Global showed on Wednesday.
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UK Construction Sector Growth Weakens In October

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German Factory Orders Log Stronger Than Expected Rebound

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