FTSE 100 Declines On Rate Worries
(RTTNews) - U.K. stocks slipped into the red on Thursday after the Federal Reserve indicated only one-quarter point rate cut this year.
Closer home, the Bank of England is expected to announce its first interest rate cut in August, later than previously expected given higher-than-expected inflation - according to Swiss bank UBS.
The benchmark FTSE 100 was down 34 points, or 0.4 percent, at 8,182 after gaining 0.8 percent on Wednesday.
In corporate news, BT rallied 2.7 percent after Carlos Slim, the wealthiest individual in Latin America, bought a 3.2 percent in the broadband and mobile operator.
Halma soared 10.5 percent after the health and safety device maker posted strong annual results.
Homebuilder Crest Nicholson plummeted 8.4 percent after a profit warning.
Wise shares slumped 15 percent after the money transfer company forecast slower income growth in fiscal 2025 than fiscal 2024.
Singapore Stock Market May See Additional Support
Win Streak May Continue For Malaysia Stock Market
South Korea Has $11.12 Billion Current Account Surplus
South Korea Tipped To Halt Slide On Thursday
China Trade Data On Tap For Thursday
Canadian Market Ends On Buoyant Note; TSX Gains Over 1%
Dollar Rises Against Major Counterparts After Trump Wins Presidential Election
