FTSE 100 closes at fresh record high amid warning over interest rate cuts
by The Telegraph
The Telegraph— Interest rate cuts are still “some way off”, the Bank of England’s chief economist has warned, as hopes for rapidly falling borrowing costs around the world fade.]]>
@cityam—FTSE 100 today: London markets set to reach fresh highs on increased speculation of BOE rate cuts. Asian markets mirrored Wall Street's positive momentum, while oil prices rebounded and gold hovered near a one-week low. Bitcoin remained steady despite so-called halving. Investors eagerly awaited Global PMI data and Tesla's earnings report for market direction.
@cityam—FTSE 100 closes at new record but misses out on all-time high. The FTSE 100 set a new record closing price at the beginning of the week, although it fell narrowly short of its all-time intra-day high set last February.
Washington Post—Fed interest rate cuts likely to be pushed back amid high inflation. Since the start of the year, central bankers' best hopes to take pressure off the economy have gotten dimmer and dimmer.