FTSE 100 hits one-week high as US rate cut expectations boost sentiment
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FTSE 100 up 0.6%, FTSE 250 adds 0.8%
U.S. producer prices slightly above expectations
ECB cuts interest rates as growth dwindles
Trainline gains on upbeat annual outlook
BofA Global Research upgrades Diageo; shares rise
Precious metal miners at highest levels in over a month
Updated at 1550 GMT
By Khushi Singh
Sept 12 (Reuters) -London's FTSE 100 hit its highest level in over a week on Thursday, amid broader gains after some clarity around the U.S. Federal Reserve's expected interest rate cut improved risk appetite.
The blue-chip FTSE 100 .FTSE ended 0.6% higher, while the mid-cap FTSE 250 .FTMC was up 0.8%, also registering a one-week high.
Precious metal miners .FTNMX551030 advanced 3.2%, maintaining a six-day winning streak, followingrecord-high gold prices.
The bullion was helped by expectations of an interest rate cut by the Federal Reserve at its Sept. 17-18 meeting. GOL/
U.S. producer prices rose slightly more than expected in August. Markets are currently pricing in an 85% chance of a 25-basis-point U.S. rate cut next week, according to the CME FedWatch tool.
Most major sub-sectoral indexes traded higher with industrial metal miners .FTNMX551020 advancing 2.4% as copper prices hit near two-weeks high on signs of firmer demand in top metals consumer China and interest rate cut prospects. MET/L
Rate-sensitive homebuilders .FTNMX402020 added 1.9%. A survey showed Britishproperty surveyors expect sales to continue to grow in the coming months after a gauge of house prices turned positive for the first time in nearly two years.
The beverages .FTNMX451010 index gained 2.5%, after industry heavyweight Diageo DGE.L climbed 3% following anupgrade on its rating and price objective from BofA Global Research.
On the contrary, pharma and biotech .FTNMX201030 shares tumbled 1.8% as the biggest sectoral decliners.
Trainline TRNT.L was the top gainer on the mid-cap indexwith a 9.2% rise after the company said itexpects core profit to exceed previous forecast.
Fevertree Drinks FEVR.L dipped 11.6% after the beverage maker cut its annual revenue growth forecast.
Meanwhile, the European Central Banklowered its deposit rate by 25 basis points to 3.50% in a widely telegraphed move, following up on a similar cut in June as inflation and economic growth slowed.
The Bank of England is widely expected to hold rates at its meeting later this month.
Reporting by Khushi Singh, Purvi Agarwal in Bengaluru; Editing by Eileen Soreng and Andrea Ricci
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
