Market Report - close

London close: Stocks end down on rate cut worries; IDS bucks trend

By Michele Maatouk

Date: Wednesday 29 May 2024

(Sharecast News) - London stocks ended in the red on Wednesday as investors pushed back US rate cut expectations, but IDS bucked the trend after the Royal Mail owner accepted a takeover offer.
The FTSE 100 closed down 0.9% at 8,183.07.

Dan Coatsworth, investment analyst at AJ Bell, said: "Global...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page