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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Finance

Finance

London stocks rise on chemicals and bank rate decisions.

The London Stock Exchange Group offices in the City of London,
The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/T... The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo
The London Stock Exchange Group offices in the City of London,
The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/T... The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo

Croda International’s comeback lifted the chemicals industry and the U.K.’s main stock indices on Monday as traders awaited a flood of domestic economic data and major central bank interest rate announcements.

As of 0720 GMT, the resource-heavy FTSE 100 (.FTSE) and domestic midcap FTSE 250 (.FTMC) advanced 0.2%.

Tuesday’s U.S. inflation statistics will help investors predict the Federal Reserve’s monetary policy decision a day later.
This week, the European Central Bank (ECB) and the Bank of England (BoE) will make policy decisions.

After two major central banks unexpectedly raised rates last week, risk appetite plummeted, and the benchmark FTSE 100 index dropped for a third week.

Energy (.FTNMX601010) fell 1.1%, while miners (.FTNMX551020) fell 0.8% on poor metals prices.
Croda International (CRDA.L) rose 2.1% after falling on Friday due to the company’s disappointing earnings outlook.


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