FTSE 100 Slips As Investors Look To BoE Rate Decision

RTTNews | 639 dias atrás
FTSE 100 Slips As Investors Look To BoE Rate Decision

(RTTNews) - U.K. stocks traded lower on Monday as investors looked ahead to a slew of central bank meetings this week for directional cues.

The U.S. Federal Reserve, Bank of England and the European Central Bank all are scheduled to announce their monetary policy decisions this week.

The benchmark FTSE 100 was down 27 points, or 0.4 percent, at 7,527 after adding half a percent on Friday.

Mining stocks traded mixed amid weakness in metals prices as a result of a stronger dollar and China recovery concerns.

Glencore fell nearly 2 percent while Anglo American and Antofagasta were up around 0.6 percent each.

Drug makers AstraZeneca and GSK were marginally lower.

BT Group edged up slightly after announcing an agreement with Nokia to develop 5G network monetization opportunities.

Domino's Pizza gained half a percent after backing its FY23 guidance.

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Asian Markets Trade Mixed

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The Hong Kong stock market has moved higher in four straight sessions, climbing almost 1,250 points or 4.9 percent along the way. The Hang Seng Index now sits just above the 26,200-point plateau although it may run out of steam on Thursday.
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China Stock Market May Spin Its Wheels On Thursday

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The China stock market ticked higher again on Wednesday, one day after ending the two-day winning streak in which it had jumped more than 60 points or 1.6 percent. The Shanghai Composite Index now sits just above the 3,810-point plateau although it may hand back those gains on Thursday.
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