London shares muted; luxury stocks slip
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 01 2024
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Source: Reuters
Market Performance: The UK's FTSE 100 and FTSE 250 indices remained flat, with luxury stocks declining due to a drop in Burberry's shares, while precious metal miners saw a slight increase as gold prices rose.
Economic Indicators: British shop prices fell at the fastest rate in over three years, indicating a potential easing of inflation pressures, with European inflation figures expected to influence future interest rate decisions by the European Central Bank.
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.
