adminannouncements. London’s benchmark FTSE 100 index of top companies dipped 0,03 percent to 6 581,37 points, Frankfurt’s DAX 30 lost 0,09 percent to 8 241,98 points and in Paris the CAC 40 slid by 0,99 percent in value to 3 918,31.
Dealers said Paris fell heavily on technical reasons caused by the payment of dividends to shareholders by a number of companies. “Following the establishment of a five-and-a-half year high yesterday mainly on the back of an emboldened mining sector, the FTSE 100 is taking a breather today with investors’ gaze turning to the Bank of England rate decision,” said Brenda Kelly, senior market strategist at traders IG.
The Bank of England is widely expected to keep its main lending rate at its record-low level of 0,50 percent, holding back from cutting borrowing costs to help spur growth.
“Globally, we have witnessed countless surprises in the monetary policy arena with the Reserve Bank of Australia, the National Bank of Poland and even South Korea’s central bankers all serving up rate cuts in the past number of days,” said Kelly. – AFP.
Online Reporter