FTSE 100 hits two-week high, Kingfisher surges By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: Investing.com
FTSE 100 Performance: The FTSE 100 reached a two-week high, rising 0.4% due to gains in retail and personal goods sectors, with Kingfisher leading the way after improving its profit outlook.
Market Reactions to Central Bank Meetings: Investors are focused on upcoming central bank meetings, particularly the Federal Reserve's anticipated interest rate cut, while the Bank of England is expected to maintain current rates amidst economic concerns affecting companies like Essentra and THG.
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.
