FTSE 100 slips on glum earnings ahead of Jackson Hole | Malay Mail

The blue-chip FTSE 100 fell 0.3 per cent, with banks, insurers and energy stocks leading the declines. — Reuters pic

The blue-chip FTSE 100 fell 0.3 per cent, with banks, insurers and energy stocks leading the declines. All eyes are now on US Federal Reserve Chair Jerome Powell’s address at the virtual Jackson Hole Symposium, where he is expected to outline a more flexible approach to policy, including targeting an average inflation rate of around two per cent that will allow rates to stay super-low for longer.

Trillions of dollars in stimulus has sent global equity benchmarks back to their pre-pandemic highs, but the UK’s FTSE 100 is still about 21 per cent below that level as the economy struggles to recover from a record crash in the second quarter.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Bonds sold, stocks bought as investors eye Jackson Hole | Malay MailLONDON, Aug 26 — Traders sold government bonds and bought stocks today, placing riskier bets on optimism about US-China trade and expectations of ample central bank stimulus before a key speech by the US Federal Reserve chairman at Jackson Hole. In early London trading, the yield on US 10-year...
Source: malaymail - 🏆 1. / 86 Read more »

Axiata posts weaker earnings, revenue for Q2 | Malay MailKUALA LUMPUR, Aug 27 — Axiata Group Bhd’s net profit reduced to RM80.02 million in the second quarter ended June 30, 2020 from RM220.56 million, mainly due to lower top lines, higher depreciation and amortisation, and lower one-off gains. The weaker net profit was partly mitigated by foreign...
Source: malaymail - 🏆 1. / 86 Read more »