FTSE 100 Moves In Tight Range In Lackluster Trade
(RTTNews) - U.K. market's benchmark index FTSE 100 moved in a very narrow range Friday morning with investors largely refraining from making significant moves amid a lack of triggers.
Expectations of a rate cut by the Federal Reserve in December, and signs of a Ukraine peace deal help underpin sentiment.
The FTSE 100, moving between 9,697.21 and 9,719.41, was up 9.22 points or 0.1% at 9,703.15 about a quarter before noon.
Weir Group gained 2%. IMI, Pershing Square Holdings, EasyJet and Polar Capital Technology Trust moved up 1 to 1.25%.
Rolls-Royce Holdings gained nearly 1%, while RightMove, Rentokil Initial, Smiths Group, Informa, Rightmove, BP, British American Tobacco and Rio Tinto advanced 0.7 to 0.9%.
Whitbread slid nearly 5%. Bluberry drifted down 2.3%, while Babcock International and Games Workshop lost 1.4% and 1.3%, respectively.
Data from the Society of Motor Manufacturers and Traders Limited showed UK car production fell 23.8% year-on-year in October to 59,010 units, the lowest October output since 1952. The sharp drop was due to the cyberattack in late August on Jaguar Land Rover, the largest carmaker.
Swiss Economy Shrinks As Estimated
Bay Street Likely To Open Slightly Higher
Wall Street Seen Opening On Flat Note
German Unemployment Rate Steady At 6.3%
French Inflation Remains Stable; GDP Growth Confirmed At 0.5%
French Stocks Mostly Subdued As Investors Assess Economic Data
DAX Down Slightly; Economic Data In Focus
