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Economy5 minutes ago (Jan 06, 2022 08:30)
(Reuters) – UK shares dropped on Thursday, tracking a fall in global equity markets after U.S. Federal Reserve meeting minutes pointed to faster-than-expected interest rate hikes to tame high inflation.
U.S. central bank policymakers said in their meeting last month that a “very tight” job market and unabated inflation might require the Fed to raise interest rates sooner than expected, according to minutes released on Wednesday.
Banking stocks fell 0.6% even as the UK 10-year yields rose, fuelled by rate hike expectations.
The domestically focussed mid-cap index declined 1.2% as travel and leisure stocks dropped nearly 1.5%.
Investors now await latest UK services PMI numbers to see the impact of Omicron coronavirus variant on the hospitality sector.
UK stocks fall as hawkish Fed triggers global sell-off
PARIS (Reuters) -French bank Societe Generale (PA:SOGN) said its car leasing division ALD had agreed to buy the company LeasePlan for 4.9 billion euros ($5.5 billion), creating…
(Reuters) -French catering and food services group Sodexo (PA:EXHO) warned on Thursday the return to remote working this winter could affect its volumes, but said it was not…
LONDON (Reuters) – British-based equity funds attracted a record 14.2 billion pounds ($19.3 billion) in inflows in 2021, funds network Calastone said on Thursday, as investors…
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