The FTSE 100 index closed Monday down 0.03% to 7612 points, mainly dragged by oil-exposed companies and miners, after positive U.S. data hit hopes of a rate cut in March, IG chief market analyst Chris Beauchamp said in a note. It looks like the relentless optimism seen so far on Wall Street is finally beginning to collide with reality," he says. COMPANIES NEWS:Vodafone Group Revenue Falls After Sale of Hungarian BusinessVodafone Group third-quarter revenue fell due to the sale of its Hungarian unit despite further growth at its business segment. ---Naked Wines Appoints U.K. Chief Rodrigo Maza as New CEONaked Wines said it has named its U.K. managing director Rodrigo Maza as new chief executive. Unemployment declined to 3.9% in the three months that ended in November, the data showed, below the BOE's expectation of 4.3%.

Source: Wall Street Journal February 05, 2024 17:21 UTC