London stocks gain on optimism ahead of UK inflation data, cenbank decision By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
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Source: Investing.com
- London's FTSE 100 Performance: The FTSE 100 index in London rebounded by 0.6% after three consecutive days of losses, closing at 8,164.21 points.
- Market Expectations: Investors are optimistic ahead of key domestic inflation data and the Bank of England's policy decision this week.
- US Retail Sales Impact: A lower-than-expected rise in U.S. retail sales raised hopes for a potential rate cut by the Federal Reserve in September.
- Sector Performance: Utilities led gains in the British market with a 2.1% rise, while household goods and home construction stocks declined by 1.0%.
- Upcoming Focus: Investor attention is now on the domestic consumer price index (CPI) numbers before the Bank of England's decision on Thursday.
Analyst Views on AHT
About AHT
Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT). The Company's portfolio consists of upscale hotels and upper upscale full-service hotels. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotel properties are primarily branded under the brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The Company operates through one segment: direct hotel investments. It has a portfolio consisting of approximately 68 consolidated operating hotel properties, which represent over 16,736 total rooms. It owns a 15.1 % ownership in OpenKey, Inc. It owns four consolidated operating hotel properties, which represent 405 total rooms owned through a 99.0% ownership interest in Stirling REIT OP, LP (Stirling OP). The Company also has an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment) in Napa, California.
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.
