From Kitco: 2024-06-05 08:57:51

British equities rose on Wednesday due to weak U.S. labour data, boosting rate cut expectations. FTSE 100 gained 0.2%, while FTSE 250 edged up 0.3%. U.S. job openings hit 3-year low, increasing likelihood of Fed rate cut in September. Traders predict 65% chance of cut. ECB expected to cut rates by 25 basis points on Thursday. Bank of England may follow suit in upcoming meeting. Stock movers: Paragon Banking up 5.2%, WH Smith up 3.2%, Centrica down 5%, B&M down 5%. Focus now on U.S. payrolls report on Friday.



Read more at Kitco: London stocks gain on soft US jobs data; ECB rate decision awaited