UK's FTSE 100 was subdued on Friday as gains in energy firms countered losses in healthcare and mining stocks, though the index was bound for its best weekly performance in nearly four months on signs of slowing inflation.
The midcap index is headed for its best weekly performance since November.on Friday showed British retail sales rose more than expected in June, raising caution around monetary policy expectations.
"For the economy, this is welcome as robust domestic consumption will go a long way in helping the economy avoid slipping into recession," said Stuart Cole, chief macro economist at Equiti Capital. "But today's numbers will likely have been read with some concern inside the Bank of England, as they suggest more work needs to be done in its efforts to dull demand in order to tame inflation."from market research firm GfK showed British consumers have turned more pessimistic, ending a five-month streak of growing confidence levels.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK's FTSE 100 rises on mining boost; Anglo American shinesUK's FTSE 100 extended gains on Thursday as mining stocks rose on higher metal prices, while global miner Anglo American topped the index after reporting a jump in first-half copper production.
Read more »
Chicago’s First 100-Percent Vegan Food Hall Will Soon ArriveChicago loves meat, but the city’s also home to a world-class vegan food scene. (via eaterchicago)
Read more »
Austin weather: Triple-digit streak continues; 12th 100°+ day in rowTuesday was another record breaker, and we're headed for record territory again today. Zack Shields has the latest on the heatwave and when we might see some rain.
Read more »
100-Meter Hurdles World Record Holder Charged with Anti-Doping ViolationTobi Amusan intends to fight the charge ahead of the upcoming World Championships in August.
Read more »
This new ETF offers 100% downside protection for investors who can be patientA new Innovator fund is designed to give investors full downside protection over a two-year period, in exchange for capped upside.
Read more »
Hypnotic Hyperlapse Shows Nearly 150km of Hiking, Took a Year to MakeThis hyperlapse video took more than a year to make and shows nearly 150 kilometers of hiking.
Read more »