FTSE 100 Sees Slight Gains Amid Anticipation of U.S. Economic Data and Fed Minutes

Wednesday, 21 August 2024, 00:46

FTSE 100 inches higher as investors await U.S. data and Fed minutes. Rising mining shares drive positive sentiment, while energy shares lag behind. Mobico reports significant profit jump.
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FTSE 100 Sees Slight Gains Amid Anticipation of U.S. Economic Data and Fed Minutes

FTSE 100 Moves Upward as Anticipation Grows

The FTSE 100 has recorded a 0.1% increase as investors are keenly awaiting critical economic data from the U.S. and insights from the latest Fed minutes. Such movements suggest market players are maintaining caution.

Gains Led by Mining Sector

Mining shares have taken the lead in driving broader market gains. Notable advancements in this sector outweigh declines in energy shares, which are currently leading the list of laggards.

Mobico Reports Strong Results

Mobico has posted a remarkable jump in first-half profits, contributing positively to its stock performance, as shares see notable gains.

Looking Ahead: Fed Chair Powell’s Speech

Investors are also looking forward to U.S. Fed Chair Powell's upcoming speech, scheduled for August 21. This address could further shape market sentiments.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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