London’s FTSE 100 resumed its downward trend on Wednesday, falling 0.8% to 10,320 points, as investors scaled back expectations for further interest rate cuts from the Bank of England this year. The losses were broad-based, with heavyweights such as AstraZeneca, HSBC, and Rolls-Royce leading the decline, while retailers saw some support from upbeat earnings by Inditex. Although oil prices have retreated from highs above $100 per barrel, the earlier surge has already influenced market expectations, with money markets now pricing in only a minimal chance of rate cuts in 2026. On the corporate earnings front, insurer and investment manager Legal & General dropped nearly 6% after its solvency ratio fell short of expectations, despite reporting higher annual profits and announcing a £1.2 billion share buyback program.
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Mid-Morning Market UpdateApril 24, 2025
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market





