Global stock markets were moving higher on Tuesday as investors await the US’s interest rate decision with bated breath.The blue-chip index was up by 31.42 points, or 0.38%, to close at 8,309.86.
“An economy growing at 2.5% to 3% with low unemployment, inflation above target and equities at all-time highs suggests there will be large pockets of resistance, which makes the outcome tomorrow a coin toss,” he said. It hopes this recovery will pave the way for stronger demand for large household purchases. Its share price closed 11.2% higher.
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FTSE 100 fails to make gains as banking stocks hit by tax raid fearsNatWest, Barclays, Lloyds and HSBC were among the fallers amid speculation the upcoming Budget could see a tax increase on banks.
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