UK stocks fall as hawkish Fed triggers global sell-off | Malay Mail

LONDON, Jan 7 ― UK shares dropped yesterday, tracking a fall in global equity markets after minutes of the US Federal Reserve's December meeting showed the central bank's hawkish stance toward interest rate hikes as it looks to tame high inflation.

Global equities sold off after it emerged that US central bank policymakers said in their meeting last month that a “very tight” job market and unabated inflation might require the Fed to raise interest rates sooner than expected.“If you're looking for a value play at the moment, the UK is quite attractive,” said Oliver Blackbourn, portfolio manager at Janus Henderson Investors.

The FTSE 100 gained 14.3 per cent in 2021, lagging European and US peers, but Blackbourn said he expects UK stocks to start catching up as markets move toward more value-oriented segments from growth sectors such as technology. Britain's services sector grew in December at the slowest pace since the country was last in lockdown, as the spread of the Omicron variant of the coronavirus hammered hospitality and travel, a survey showed.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK stocks fall as hawkish Fed triggers global sell-off | Malay MailNEW YORK, Jan 6 — UK shares dropped today, tracking a fall in global equity markets after minutes of the US Federal Reserve’s December meeting showed the central bank’s hawkish stance toward interest rate hikes as it looks to tame high inflation. The FTSE 100 fell 0.7 per cent in morning...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street falls as tech stocks weaken on hawkish US Fed minutes; cyclicals rise | Malay MailNEW YORK, Jan 6 — Wall Street’s main indexes fell in choppy trading today after minutes from the Federal Reserve’s last meeting struck a hawkish note, pushing down shares of big technology companies and buoying economy-sensitive cyclical sectors. Six of the 11 major S&P sectors fell in...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street's Fed headache lingers as stocks decline, Treasuries gain | Malay MailBOSTON, Jan 7 ― Wall Street's headache over the potential of a relatively fast pullback from stimulus by the US Federal Reserve lingered yesterday as stocks sold off again and government bond yields mostly marched higher. The Dow Jones Industrial Average fell 170.64 points, or 0.47 per cent, to...
Source: malaymail - 🏆 1. / 86 Read more »