4 months, 3 weeks ago
FTSE slightly higher at close as global traders await Jackson Hole summit
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 London’s top financial index finished marginally higher on Thursday amid caution ahead of Friday’s Jackson Hole economic symposium. Axel Rudolph, senior technical analyst at IG, said: “The near 1.5% rally in the Japanese Nikkei 225 hasn’t been replicated by any US, nor European equity indices which continue to trade in low volume and volatility ahead of Fed Chair Powell’s speech at the Jackson Hole symposium on Friday. “The ECB leaving rates on hold didn’t surprise anyone and US jobless claims rising more than expected, existing home sales rebounding and private sector growth slowing less than expected had little impact. In company news, JD Sports was the top riser on the FTSE 100 after the sports retail giant reported higher sales, driven by the opening of 85 new stores as part of its global expansion.
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