FTSE 100 dips on scope of tighter monetary policy
Friday, 16 June 2023
UK's benchmark FTSE 100 dipped on Thursday, dragged down by miners' stocks amid prospects of global monetary policy tightening lasting for longer, while events organiser Informa jumped on a strong earnings outlook, reports Reuters.
The resource-heavy FTSE 100 fell 0.1 per cent at 0805 GMT, while the domestically focused FTSE 250 midcap index was little changed.
The ECB is seen raising rates to their highest level in 22 years later in the day and leave the door open to more hikes, a day after the US Federal Reserve left rates unchanged but projected rates rising by half a percentage point by 2023 end.