December 19, 2023Thomson Reuters

FTSE 100 rises on lingering Fed rate cut hopes

UK's FTSE 100 rose on Tuesday on persisting hopes of interest rate cuts from the U.S. Federal Reserve and a dovish Bank of Japan (BOJ), though slipping energy stocks kept a lid on gains

Source: Freepik

Rate-sensitive real estate, real estate investment trusts and homebuilders were among the top gainers, rising between 0.6% and 0.8%

Source: Freepik

The blue-chip FTSE 100 gained 0.1% as of 0933 GMT, while the more domestically focussed FTSE 250 midcap index added 0.5%

Source: Unsplash

The BOJ maintained ultra-loose policy settings in a widely expected move

Source: AP Photo