UK stocks pare gains after BoE statement

Note: This section contains information in English only.
Source: Dukascopy Bank SA

UK equities rose on Thursday as the ECB and BoE decided to left the core interest rates unchanged. The ECB left its key interest rate at record low of 0.75% while the BoE left the benchmark interest rate at 0.5% and maintained its debt-purchase target at GBP375 billion. Adding to the negative mood of the UK equities, Spain's borrowing costs increased during debt auction amid uncertainty whether the country will apply for the bailout. The FTSE 100 Index inched up by 0.08% to trade at 5,827.39. Eight out of ten sectors within the index rose. The best-performers were technology companies and consumer goods. Associated British Foods, British American Tobacco and Unilever climbed 0.15%, 0.76% and 0.13%. Financials also rose despite disappointing decision of the BoE. Barclays, HSBC and Standard Chartered moved higher by 0.84%, 0.60% and 0.14%. On the downside were oil and gas companies; BP and Royal Dutch Shell dropped 1.09% and 0.65%.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.