UK Stocks Muted as Economic Data Takes Centre Stage in Policy Decision Month
|
2 September 2024 UK’s main stock index was largely flat in thin trade on 2nd September, with investors awaiting a slew of domestic data and across major economies, such as the U.S. and Europe, to position for a month dominated by central bank policy decisions. The blue-chip FTSE 100 index (.FTSE), opens new tab was unchanged as of 1910 GMT, after hitting a three-month high on 30th August and logging its third straight weekly rise. Meanwhile, the domestically-focused mid-cap FTSE 250 (.FTMC), opens new tab slipped 0.1%, having logged its steepest monthly decline in August since October last year. Trading volumes are expected to be light throughout the day due to holidays in the United States and Canada. U.S. employment data, including the payrolls report for August, could help determine the quantum of an all-but-certain September interest rate cut by the Federal Reserve. To find out more details please visit : https://www.reuters.com/ |