FTSE 100 Little Changed; Banks Rally As Bond Yields Surge
(RTTNews) - U.K. shares were little changed in lackluster trade on Thursday even as banks gained ground on expectations for higher interest rates going forward.
The Bank of England's chief economist Andy Haldane told Sky News on Wednesday night that an interest rate rise would be a sign of the economy healing.
The benchmark FTSE 100 was virtually unchanged at 7,315 in late opening deals after rising 0.4 percent on Wednesday.
Lender Barclays rose over 2 percent, Standard Chartered advanced 0.7 percent and Lloyds Banking Group added 0.6 percent on the back of higher bond yields after U.S. President Donald Trump unveiled his long-awaited tax reform plan overnight.
Ryanair lost 2.4 percent as it faces legal action for "persistently misleading" passengers about their rights following the wave of flight cancellations because of a shortage of pilots.
Imperial Brands fell 2.3 percent after reports that it is in talks to help save struggling wholesaler Palmer & Harvey Holdings.
Miners Antofagasta and Glencore fell around half a percent as a stronger dollar on expectations for stronger U.S. growth and inflation pulled down metals prices.
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SMI geht leichter ins Wochenende -- DAX letztlich etwas tiefer -- Asiatische Indizes schliessen mit uneinheitlichen Tendenzen
Börse aktuell - Live Ticker
Der heimische Aktienmarkt tendierte am Freitag etwas tiefer. An der deutschen Börse bewegte sich der DAX in einer engen Range um die Nulllinie. Die Aktienmärkte in China wurden vom BIP belastet.