LONDON MARKETS: U.K. Stocks Rise For 2nd Straight Day Ahead Of Key Inflation Data
15 Août 2017 - 9:31AM
Dow Jones News
By Sara Sjolin, MarketWatch
North Korea fears continue to recede, spurring investors to take
on more risk
London-listed stocks rose for a second straight session on
Tuesday, as fears of a nuclear war between the U.S. and North Korea
continued to recede and as investors looked ahead to a closely
watched U.K. inflation report.
The FTSE 100 index climbed 0.2% to 7,369.16, adding to a 0.6%
advance from Monday. The positive sentiment on Monday came as U.S.
officials over the weekend played down the threat of a military
conflict with North Korea, saying they instead were seeking
diplomatic solutions
(http://nation.foxnews.com/2017/08/13/mattis-and-tillerson-were-holding-pyongyang-account).
Further easing the tensions, North Korean leader Kim Jong Un
decided not to launch a threatened missile attack on U.S. territory
Guam
(http://www.marketwatch.com/story/north-korea-steps-back-from-plan-to-launch-missiles-at-guam-2017-08-14),
Pyongyang's state media reported on Tuesday. The leader, however,
warned that he could change his mind "if the Yankees persist in
their extremely dangerous reckless actions."
Inflation: Investors in London were also focused on U.K.
inflation data for July, due at 9:30 a.m. local time, or 4:30 a.m.
Eastern Time.
Consensus estimates point to a reading of 2.7%, a slight uptick
from the 2.6% printed in June.
"The development of inflation will be scrutinized because it
will be a key factor in the Bank of England's decision of whether
or not to hike rates before 2018," analysts at Danske Bank said in
a note.
The pound traded at $1.2956 ahead of the data, compared with
$1.2964 late Monday in New York.
Stock movers: Shares of Next PLC (NXT.LN) fell 2.8% after
Berenberg cut its rating on the high-street retailer to sell from
hold.
Shares of Hargreaves Lansdown PLC (HL.LN) rose 0.6% after the
financial services company reported a 20% jump in full-year profit
(http://www.marketwatch.com/story/hargreaves-lansdown-full-year-profit-jumps-20-2017-08-15).
(END) Dow Jones Newswires
August 15, 2017 03:16 ET (07:16 GMT)
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