London open: Stocks slump as UK inflation ticks higher
London stocks fell sharply in early trade on Wednesday as a surprise jump in UK inflation dampened rate cut hopes.
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London stocks fell sharply in early trade on Wednesday as a surprise jump in UK inflation dampened rate cut hopes.
Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations. The FTSE 100 index was down 125.62 points, 1.7%,...
London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.
European stocks closed notably lower on Wednesday on concerns about rising inflation in several countries across Europe, and hawkish comments from ECB policymakers, as well as doubts of the Federal Reserve cutting interest rates anytime soon.
The following London-listed shares received analyst recommendations Tuesday morning: ---------- FTSE 100 ---------- JPMorgan cuts Rightmove to 'underweight' - price target 493 ...