FTSE 100 Remains Steady at Midday

Market Overview: The UK stock market's FTSE 100 was flat, down 1.01 points at 9,666.00, as investors awaited interest rate decisions from central banks, particularly the Federal Reserve, which is expected to lower rates by 25 basis points.

Stock Performances: Notable gainers included Prudential (+2.5%) and Smith & Nephew (+1.25%), while Unilever experienced a nearly 4% drop before recovering slightly after completing its ice cream business demerger.

Sector Movements: Companies like Marks & Spencer and Mondi saw losses of around 2%, alongside other firms in the construction and consumer goods sectors, reflecting a mixed performance across the market.

Economic Insights: A survey indicated that starting pay for permanent staff rose at the fastest rate in five months, despite a slowdown in hiring and an increase in job seekers, suggesting ongoing wage pressures in the economy.