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Footsie is swept higher by US rate cut
Evening Standard
|September 19, 2024
A SURGE in risk appetite swept the FTSE 100 index higher today as traders cheered last night’s super-sized interest rate cut by the US Federal Reserve.
The message from central bank chief Jerome Powell that the 0.5% reduction was about protecting growth rather than fear of an imminent recession boosted sentiment.
With Wall Street benchmarks set for a strong session, London’s top flight rose 0.9% or 75.20 points to 8328.88 and the FTSE 250 by 1% or 208.32 points to 21,043.63.
Dit verhaal komt uit de September 19, 2024-editie van Evening Standard.
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