Market Report - close
London close: Stocks rise on fresh rate cut hopes
By Josh White
Date: Wednesday 16 Oct 2024
(Sharecast News) - London's equity markets finished higher on Wednesday as investors reacted positively to a significant drop in UK inflation, which reached its lowest point in over three years.
The FTSE 100 index rose 0.97%, closing at 8,329.07 points, while the FTSE 250 gained 0.89%, ending at 20,979.50 points.
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