Bullish
FTSE 100 rises 87 points to 10,695 amid easing oil prices and strong UK GDP data.
The FTSE 100 ended a five-day losing streak, climbing 87 points to 10,695. This rally was driven by a decline in oil prices and robust UK economic growth, with GDP increasing by 0.4% in July, surpassing expectations. Additionally, US consumer prices rose 0.4% in August, aligning with forecasts and boosting investor confidence.
Key points
- FTSE 100 climbs 87 points to 10,695, ending five-day losing streak.
- UK GDP grows 0.4% in July, exceeding expectations.
- US consumer prices rise 0.4% in August, matching forecasts.
Sources
AI-generated from public news sources. Not financial advice.
