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