FTSE 100 Rises In Cautious Optimism Even As CPI, BoE Loom

RTTNews | 661 days ago
FTSE 100 Rises In Cautious Optimism Even As CPI, BoE Loom

(RTTNews) - FTSE 100 of the London Stock Exchange added close to a quarter percent, even as caution remains ahead of the update to CPI readings and the interest rate decision by the Bank of England.

Headline annual inflation in the U.K. is seen rising to 7 percent in August, from 6.8 percent in the previous month. Core inflation is however seen edging down to 6.8 percent, from 6.9 percent a month earlier. Given the inflationary situation, the Bank of England is widely expected to raise rates by another 25 basis points in the review to be announced on Thursday.

FTSE 100 oscillated between 7,642.67 and 7,682.57 as compared with the previous day's closing level of 7,652.94.

The benchmark index of the London Stock Exchange is currently trading at 7,669.10, having advanced 0.21 percent on an overnight basis.

In the 100-scrip index, only 32 are trading in the overnight red zone.

Hargreaves Lansdown rallied 4.3 percent. Ocado Group, Phoenix Group Holdings, Marks and Spencer, all gained more than 2 percent.

Kingfisher plunged 7.3 percent after downgrading its annual profit forecast.

Burberry Group, Melrose Industries, Convatec Group, AstraZeneca, Halma, all gained more than 1 percent.

Amidst the Dollar Index slipping 0.21 percent to 104.99, the GBP/USD pair increased 0.09 percent overnight to 1.2393.

Yields on U.K.'s ten-year bonds eased much less than its European peers, dropping 0.23 percent to trade at 4.3805 percent.

read more
Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
RTTNews | 22 minutes ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 50 minutes ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 1h 27min ago