Britain's FTSE 100 stock index falls more than 1 percent

Britain's FTSE 100 stock index falls more than 1 percent


2020-08-06 11:16:28

Major European inventory indexes in the main declined on Thursday, with the British FTSE a hundred — greater than 1% after the assembly of the Bank of England, consistent with trading statistics.

As of 11.29 GMT, the British FTSE one hundred index fell by 1.3%, to 6025.2 factors, the French CAC forty - through 0.44%, to 4911.63 points, the German DAX index rose through 0.17%, to 12681.95 points.

At the cease of the meeting, the Bank of England predicted to hold the hobby fee at 0.1%. Investors were in particular inquisitive about the expectancies of the British Central Bank concerning the improvement of the country's financial system. According to the regulator's forecasts, GDP The UK will fall by way of 9.5% this 12 months. In addition, the Bank of England expects a substantive growth inside the unemployment fee — to 5.5% inside the third sector and to approximately 7.5% through the cease of this 12 months.

In addition, stocks of Swiss commodity dealer Glencore are down 4% at the London stock trade. Earlier on Thursday, the organization said that it acquired a net lack of 2.6 billion euros for the primary half of 2020, as compared to a profit of 226 million a yr earlier.


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