FTSE Rises Ahead of BoE Decision
London stocks opened higher on Monday, with investors bracing for a key Bank of England decision and a wave of earnings later in the week.
The FTSE 100 climbed 0.2% to 9,738.46, the FTSE 250 edged up 0.1% to 22,187.34, and the AIM All-Share rose 0.2% to 773.79.
Attention is squarely on Thursday’s interest rate call at the Bank of England, with
softer inflation data making the decision more finely balanced, and some analysts warning that a quarter-point rate cut cannot be ruled out.
In New York on Friday, Wall Street finished modestly higher, with the Dow Jones Industrial Average up 0.1%, the S&P 500 up 0.3% and the Nasdaq Composite up 0.6%.
Notable stock movements included BP rising, Vodafone dropping, and Ceres Power rallying.
Author's summary: FTSE rises ahead of BoE decision.
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