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Stocks to open at new record as Bank of England vote approaches

Published 09/05/2024, 07:15
© Reuters.  FTSE 100 Live: Stocks to open at new record as Bank of England vote approaches
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Proactive Investors - Blue-chip stocks are expected to climb higher again today after hitting a fresh record on Wednesday.

The FTSE 100 closed at 8,354, marking the fourth straight day of record highs as the market starts to anticipate interest rate cuts.

Speaking of which, the Bank of England convenes today to announce the latest rates decision. Although a hold of 5.25% is widely expected, the messaging and vote split will be closely watched.

Elsewhere on the macro calendar, the RICS House Price Balance, which measures the gap between the percentage of respondents seeing rises and falls in house prices, remained unchanged at -5%.in April.

On the company news front, 3i (LON:III) and Harbour Energy (LON:HBR) will soon have their trading updates out alongside a raft of AGMs including BAE Systems (LON:BAES), Balfour Beatty (LON:BALF), Barclays (LON:BARC) and Jupiter Fund Management (LON:JUP).

Read more on Proactive Investors UK

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Latest comments

I've been busy earning money, so now I'm sitting on a pile of fiat. Here's to hoping for an interest rates rise!
No rate cuts this year 100%
No rate cut for the foreseeable future.
Rate cut next month 0.25
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