London's FTSE 100 climbs on China stimulus boost
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Source: Reuters
UK Market Response to China Stimulus: The FTSE 100 rose by 0.3% due to new stimulus measures in China, boosting shares of miners and luxury retailers, while the FTSE 250 midcap index fell 0.4% led by losses in utilities and specific companies like Drax and Smiths Group.
Economic Outlook Statements: Bank of England Governor Andrew Bailey expressed optimism about declining inflation and lower interest rates, while British Prime Minister Keir Starmer assured that public finance shortfalls would be addressed fairly without returning to austerity measures.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
