FTSE Rises Ahead of BoE Decision
London stocks opened higher on Monday, with the FTSE 100 climbing 0.2% to 9,738.46, as investors await a key Bank of England decision and a wave of earnings later in the week.
The FTSE 250 edged up 0.1% to 22,187.34, and the AIM All-Share rose 0.2% to 773.79, with BP rising and Vodafone dropping, while Ceres Power rallied.
Attention is focused on Thursday's interest rate call at the Bank of England, with softer inflation data making the decision more finely balanced, and some analysts warning that a quarter-point rate cut cannot be ruled out.
Softer inflation data has made the decision more finely balanced, with some analysts warning that a quarter-point rate cut cannot be ruled out.
- FTSE 100: 0.2% to 9,738.46
- FTSE 250: 0.1% to 22,187.34
- AIM All-Share: 0.2% to 773.79
In New York, Wall Street finished modestly higher on Friday, with the Dow Jones Industrial Average up 0.1%, the S&P 500 up 0.3%, and the Nasdaq Composite up 0.6%.
Author's summary: FTSE rises ahead of BoE decision.
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