FTSE 100 Gains As Investors Look To BoE

RTTNews | vor 668 Tagen
FTSE 100 Gains As Investors Look To BoE

(RTTNews) - U.K. stocks opened the week on a positive note ahead of a busy week of central bank meetings.

The Bank of England is to hold its penultimate meeting of the year on Thursday, with economists anticipating a 'status quo policy update.'

The benchmark FTSE 100 was up 57 points, or 0.8 percent, at 7,348 after declining 0.9 percent on Friday.

Ascential soared 35 percent after the information and analytics firm said it would sell its digital commerce and consumer research units for a combined enterprise value of 1.4 billion pounds ($1.70 billion).

Commodity trader and miner Glencore rose 1.2 percent despite cutting its 2023 nickel production guidance.

Frasers Group added 1.5 percent as it announced divestment of the IP of Missguided to Chinese clothing giant Shein.

Premier Foods rose 1.1 percent after buying breakfast brand FUEL10K in a £34m deal. Reckitt Benckiser advanced 1.4 percent after launching the first tranche of its share buyback program.

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Japanese Market Notably Higher

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Thai Bourse May Halt Losing Streak On Thursday

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The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
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