FTSE 100 hits fresh record as Bank of England signals summer rate cut
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2024
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Source: MarketWatch
- U.K. Stocks Reach Record High: Lower borrowing costs led to a fresh record high for U.K. stocks on Thursday.
- FTSE 100 Performance: London’s FTSE 100 rose by 0.4% to 8,384, marking a 10.4% gain over the last three months.
- Bank of England's Decision: The Bank of England kept interest rates steady at 5.25% but hinted at a potential rate cut, possibly in June.
- Market Implications: The prospect of a rate cut boosted market sentiment and contributed to the stock market rally.
- iShares MSCI...: Further details or content were not provided in the summary.
Analyst Views on DAX
Wall Street analysts forecast DAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DAX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 46.350
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Current: 46.350
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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.
