FTSE 100 ends flat as lower metal prices offset retail gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
0mins
Source: Reuters
Market Performance: The UK's FTSE 100 index remained stable with a slight increase of 0.1%, while the FTSE 250 index fell by 0.4%. Declines in industrial metal prices impacted mining stocks, whereas retail stocks gained, led by JD Sports Fashion's strong sales report.
Economic Outlook: British business activity showed improvement, indicating growth momentum for the second half of 2024, while U.S. business activity dropped to a four-month low, suggesting a potential downward trend in inflation. Attention is now on the upcoming Jackson Hole economic symposium where Fed Chair Jerome Powell will speak.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
