LONDON MARKET MIDDAY: Investors cautious as US Fed rate decision looms
Wed, 17th Mar 2021 12:14
(Alliance News) - Stock prices in London continued to trend lower at midday on Wednesday ahead of US Federal Reserve s much-anticipated interest rate announcement after the London market close.
US President Joe Biden s USD1.9 trillion spending bill passed by Congress and signed into law last week, combined with vaccine rollouts and reopening of the world s major economies, has fuelled a rally in global equity markets. However, this had led to anxiety about higher inflation and fears central banks will raise interest rates faster than expected.
The FTSE 100 index was down 38.48 points, or 0.6%, at 6,765.35. The mid-cap FTSE 250 index was down 137.46 points, or 0.6%, at 21,627.03. The AIM All-Share index was 0.6% lower at 1,199.22.
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