Advertisement
FTSE 100 Gains Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks advanced on Thursday and the pound weakened as investors awaited interest-rate decisions from the European Central Bank and the Bank of England.
Overnight, the U.S. Federal Reserve hiked interest rates by 25 basis points, as widely expected, raising hopes of a downshift in the Fed's policy later this year.
The benchmark FTSE 100 was up 37 points, or half a percent, at 7,797 after finishing marginally lower on Wednesday.
Shell rose over 2 percent. The oil & gas giant launched a $4 billion share buyback program after reporting record annual profits.
Miner Anglo American gained half a percent after reporting a 10 percent rise in production in the fourth quarter.
Wizz Air Holdings jumped more than 5 percent after saying it carried 4,149,850 passengers in January, an increase of 73.1 percent from last year.
Asian Shares Mixed As China's Factory Price Deflation Worsens
China Inflation Turns Positive; PPI Continues To Fall
NZ Dollar Retreats Against Majors
New Zealand Holds Key Rate As Expected
European Shares Poised For Positive Start Despite Tariff Worries
Sensex, Nifty Tad Lower Dragged By IT Stocks
Australian Market More Than Halves Early Losses In Mid-market
