Jump in retail sales buoys FTSE 100 - News Summed Up

Jump in retail sales buoys FTSE 100


Share prices broke a two-day losing streak to nudge higher after stronger than expected UK high street sales and mixed signals about US interest rates. Sentiment was lifted by official figures showing UK sales volumes rose by 1.4 per cent in July as shoppers shrugged off Brexit worries. European shares took their cue from New York, where the Dow Jones Industrial Average closed slightly higher after Federal Reserve minutes showed policymakers were divided about when the next rate rise should come, sending the dollar lower. By late morning the FTSE 100 was up 7.15 points, or 0.1 per cent, at…


Source: The Times August 18, 2016 10:52 UTC



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