London stocks rise on US rate cut optimism, Kingfisher boost 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 0.7% due to increased expectations for a larger U.S. interest rate cut and positive retail performance from Kingfisher, which raised its profit outlook.
Market Reactions and Individual Stocks: Traders are anticipating the Federal Reserve's interest rate decision, while UK inflation data is also being monitored; individual stocks like Playtech saw gains after a sale announcement, whereas Essentra and THG experienced declines due to profit warnings and restructuring plans, respectively.
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.
