FTSE 100 Slides Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks fell on Thursday as investors awaited the Bank of England's interest-rate decision for direction.
Having raised borrowing costs by 25 basis points five times since December, the central bank is now expected to become more aggressive with a 50-bps hike, the most since 1995.
The benchmark FTSE 100 dropped 22 points, or 0.3 percent, to 7,423 after adding half a percent on Wednesday.
Commodity trader Glencore advanced 1.7 percent after profits more than doubled to a record in the first half of the year.
Fashion retailer Next surged 4.7 percent after raising its profit forecast. Rolls-Royce shares slumped more than 9 percent. The aero-engine maker has warned of looming economic challenges after reporting a bigger-than-expected fall in first-half profit.
European Shares Seen Mostly Lower Before US Inflation Data
Sensex, Nifty Struggle For Direction In Early Trade
Australian Market Swings To Modest Gains In Mid-market
Asian Markets Mixed Amid Caution Trades
Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers
Thai Stock Market Tipped To Open In The Green
Japanese Market Notably Lower
