MetiNews.Com Markets open Thursday sharply down as investor eye Bank of England comment Breaking news

MetiNews.Com - UK shares tracked declines on Asian stock markets in early trade on Thursday as the lack of new stimulus measures by the US Federal Reserve left investors disappointed ahead of a Bank of England policy meeting.

MetiNews.Com Markets open Thursday sharply down as investor eye Bank of England comment Breaking news

MetiNews.Com - UK shares tracked declines on Asian stock markets in early trade on Thursday as the lack of new stimulus measures by the US Federal Reserve left investors disappointed ahead of a Bank of England policy meeting.

MetiNews.Com  Markets open Thursday sharply down as investor eye Bank of England comment Breaking news
17 September 2020 - 08:32

Breaking News ! UK shares tracked declines on Asian stock markets in early trade on Thursday as the lack of new stimulus measures by the US Federal Reserve left investors disappointed ahead of a Bank of England policy meeting. The benchmark FTSE 100 and the mid-cap FTSE 250 were both sharply lower in opening deals with banks, miners and automakers leading the declines. The FTSE 100 was off by around 0.89% early on at 6,027.34, while the FTSE 250 fell 0.7% to 17,677.61. Attention remains firmly fixed on a Bank of England meeting later today, where the central bank is expected to signal yet more stimulus as the economy heads for a jump in unemployment and a possible Brexit shock.

. Oil prices fell, after rising in the two previous sessions, as concerns about weak fuel demand re-emerged after production platforms in the south-eastern US took steps to resume output following Hurricane Sally's passage. LOCKDOWN HURTS PLAYETCH In company news, gambling software maker Playtech (PTEC) crashed 7% to 362.85p after it posted a lower first-half profit on Thursday, hit by betting shop closures and sports events cancellations due to coronavirus-led curbs. British clothing retailer Next (NXT) was among the leading blue-chip winners, up 2% to £63 after it raised its profit outlook for the second time in two months as it reported strong recent trading. Online trading platform IG Group (IGG) reported a surge in first-quarter revenue as the coronavirus crisis and fears of its impact on the global economy continued to drive up volatility and trading volumes on financial markets. IG shares rallied nearly 7% to 844.5p, heading the mid-caps leader board.

Source = MetiNews.Com

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MetiNews.Com Markets open Thursday sharply down as investor eye Bank of England comment Breaking news


MetiNews.Com Markets open Thursday sharply down as investor eye Bank of England comment Breaking news


MetiNews.Com Markets open Thursday sharply down as investor eye Bank of England comment Breaking news


MetiNews.Com Markets open Thursday sharply down as investor eye Bank of England comment Breaking news

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