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UK’s FTSE 100 closes up as data points to softer inflation pressures from US-Iran war
Key takeaways
- The blue-chip FTSE 100 index (.FTSE), closed up 0.07%, while the mid-cap FTSE 250 (.FTMC), fell 1%.
- British businesses expect to increase prices less quickly in the year ahead than they did in April as some of the initial energy price shock caused by the Iran war fades, a survey by the Bank of England showed.
- The survey of more than 2,000 British companies showed 57% of firms expected to increase prices in response to the energy price shock, down 7 percentage points from April.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize UK’s FTSE 100 closed up on Friday, bucking a risk-off mood in other global markets, as investors took comfort from data suggesting that inflationary pressures from the Middle East war may be less severe than feared.
The blue-chip FTSE 100 index (.FTSE), closed up 0.07%, while the mid-cap FTSE 250 (.FTMC), fell 1%. Both indexes ended the week lower, with the mid-cap index snapping a two-week winning streak.
British businesses expect to increase prices less quickly in the year ahead than they did in April as some of the initial energy price shock caused by the Iran war fades, a survey by the Bank of England showed.
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