News Formal

Europe: Upbeat earnings, weaker pound lift FTSE 100 to more than 2-week high

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

[BENGALURU] Britain's FTSE 100 hit its highest level in more than two weeks on Tuesday, helped by broad gains on a combination of generally positive corporate results from Wall Street and Europe and bets that major central banks would cut interest rates soon. Read more at The Business Times.

[BENGALURU] Britain's FTSE 100 hit its highest level in more than two weeks on Tuesday, helped by broad gains on a combination of generally positive corporate results from Wall Street and Europe and bets that major central banks would cut interest rates soon.

The domestically-focussed FTSE 250, which has broken ranks with the local currency in recent months, defied the drop in the pound and rose 0.5 per cent."For the currency, a lot of the negative aspects have already been built in, some not only having to do with Johnson but also the overall state of the UK economy," Cityindex analyst Fiona Cincotta said.

If that materialises, it would be the first back-to-back quarterly earnings decline since the second and third quarters of 2016, marking an earnings recession.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

European stocks tread water as oil gains on Gulf standoffLONDON: European stocks marked time near their opening levels in Europe and the US on Monday (Jul 22) after losses in Asia as traders readied for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »