News Formal

London stocks climb as surprise inflation dip spurs rate-pause bets

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Market News

Sept 20 - UK stocks rose on Wednesday after data showing a surprise fall in inflation in August boosted sentiment and raised hopes that the Bank of England was nearing the end of its interest rate hiking cycle.

Britain's annual consumer price inflation unexpectedly fell to 6.7% last month from 6.8% in July, data showed, prompting investors to bolster bets that the BoE would pause its historic run of rate hikes as soon as Thursday."CPI data makes tomorrow's decision a little bit more balanced and the market is no longer fully priced for a rate hike," said Michael Metcalfe, head of macro strategy at State Street Global Markets.

Money markets are betting on a 45% chance for the BoE to hold interest rates steady at 5.25% on Thursday. Rate-sensitive homebuilder stocks jumped 3.8%, leading sectoral gains and aiding a 1.2% rise in mid-cap stocks .

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 13. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock futures step higher as markets wait for Fed: Stock market news todayWall Street stocks set up for a higher open as investors focus on what the Fed plans for the future.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stocks slide ahead of Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stocks slide as Fed meeting begins, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stocks end lower amid Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve began its latest policy meeting.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

US futures step higher as markets wait for Fed: Stock market news todayWall Street stocks set up for a higher open as investors focus on what the Fed plans for the future.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stocks step higher as markets wait for Fed: Stock market news todayWall Street stocks set up for a higher open as investors focus on what the Fed plans for the future.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »