London’s FTSE 100 holds on to gains ahead of US debt ceiling crunch talks
1 year, 7 months ago

London’s FTSE 100 holds on to gains ahead of US debt ceiling crunch talks

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Modest banking gains helped set London’s FTSE 100 on the front foot as investors prepare for a busy week of UK economics figures. The comments come ahead of a meeting between President Joe Biden and Republican politician Kevin McCarthy on Monday to discuss increasing the government’s spending limit, known as its debt ceiling. Craig Erlam, senior market analyst for OANDA, said: “It hasn’t been the most thrilling start to the week but that is highly unlikely to continue, with debt ceiling talks, inflation releases, PMIs and Fed minutes all to come.” The FTSE 100, which is internationally focused and impacted by news in the US, gained 14.12 points, or 0.18%, to 7,770.99. In company news, payments firm Wise saw its share price dip after revealing its chief financial officer would step down next year to focus on making a full recovery after suffering a cycling accident.

History of this topic

London’s FTSE 100 flat as gains in energy stocks cap declines
5 days, 21 hours ago
FTSE 100 jumps on first day of 2025 trading
6 days, 14 hours ago
London’s FTSE 100 enjoys rally to end 2024 on a ‘high note’
1 week, 1 day ago
FTSE inches higher despite caution after jump in UK inflation
3 weeks ago
London’s FTSE 100 loses ground as UK service sector growth slows
1 month ago
FTSE 100 lifts to month-high amid strong banking stocks
1 month, 2 weeks ago
London stocks start week on steady note; Melrose shines
1 month, 3 weeks ago
Banks boost FTSE 100 while European stocks rebound
1 month, 4 weeks ago
Pound gains on the dollar after Bank of England caution on future rate cuts
2 months ago
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2 months ago
FTSE 100 inches higher as global markets cautious ahead of US election
2 months ago
FTSE 100 recovers ground after market jitters
2 months, 1 week ago
FTSE 100 regains most of its losses after early falls
2 months, 2 weeks ago
FTSE 100 rises while UK Government hopes to win over global investors
2 months, 3 weeks ago
FTSE climbs after UK economy returns to growth
2 months, 4 weeks ago
UK stocks swing into the red as oil prices retreat
3 months ago
UK stocks falter and pound weakens despite OECD upgrading growth outlook
3 months, 2 weeks ago
FTSE 100 reverses gains as week of ‘profit-taking’ takes toll on European stocks
3 months, 2 weeks ago
FTSE 100 ends day slightly down after UK economic growth flatlines
3 months, 4 weeks ago
FTSE 100 nudges upwards after solid session for blue-chips
4 months, 1 week ago
FTSE 100 makes strong gains as European markets bounce back
5 months ago
FTSE 100 falls after US jobs data sparks recession fears
5 months ago
FTSE 100 tumbles on Bank of England’s cautious tone after rate cut
5 months, 1 week ago
FTSE 100 surges in value amid strong blue-chip showing
5 months, 1 week ago
London markets end week on a high as NatWest helps lift FTSE 100
5 months, 1 week ago
Pound bounces to year-high versus dollar after inflation holds at 2%
5 months, 3 weeks ago
UK stock markets rise after economic growth beats forecasts
5 months, 4 weeks ago
FTSE 100 dips amid weakness from blue-chip industrial stocks
6 months, 2 weeks ago
Inflation drops to Bank of England’s 2% target for first time in almost three years
6 months, 2 weeks ago
London’s FTSE 100 makes gains as European markets rebound
6 months, 3 weeks ago
FTSE 100 falls as utility sector weighs on market
7 months, 2 weeks ago
FTSE 100 makes further gains but retreats from intraday high
7 months, 3 weeks ago
European stocks buoyed as Bank of England signals it is closer to cutting rates
7 months, 4 weeks ago
Global stock market rally continues as FTSE 100 races to another record high
8 months ago
London’s FTSE 100 holds onto gains after record-breaking week
8 months, 1 week ago
London stocks surge again on latest takeover moves
8 months, 1 week ago
FTSE reaches another record level on strong earnings and Anglo American bid
8 months, 1 week ago
Britain’s economy is struggling – so why is the FTSE 100 at a record high?
8 months, 2 weeks ago
FTSE 100 closes at record high as firms given boost by tumbling value of pound against US dollar
8 months, 2 weeks ago
FTSE 100 stock index of Britain's biggest publicly-listed companies reaches all-time high - beating previous record set in February 2023
8 months, 2 weeks ago
FTSE 100 dips after strong week
9 months, 2 weeks ago
Unilever helps lift FTSE 100 into the green ahead of new UK inflation data
9 months, 2 weeks ago
FTSE treads water as Germany’s top index hits fresh record
10 months, 1 week ago
Top UK shares boosted after inflation beats forecasts
10 months, 3 weeks ago
London’s FTSE 100 lags behind peers as pharmaceutical giants weigh
10 months, 3 weeks ago
FTSE drops as falling oil prices put pressure on energy stocks
11 months ago
FTSE slips into the red after Bank of England keeps interest rates on hold
11 months, 1 week ago
Gamblers lead FTSE in slight gain as it lags European peers
11 months, 3 weeks ago
FTSE 100 drops to month low as rate cut hopes ease
11 months, 3 weeks ago
FTSE 100 closes down as retailers and banks weigh
11 months, 3 weeks ago

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