FTSE off the top.
Investors Chronicle - magazine and web content, January, 2008
Investors wait for new lead from Wall Street Jonas Crosland
Early gains by leading shares in London were pared back as investors took a step back ahead of the start of trading on Wall Street. So by lunchtime, the FTSE100 index was up 45.0 points at 5,833.9, having been 96.0 points higher at one stage. However, mid-cap stocks managed to hold most of the early gains, and the FTSE250 index rose 178 points to 9,818. Trading volume was weak at GBP900m.
Ahead of the Federal Reserve interest rate meeting, which begins today, dealers remained hopeful of a further cut in rates of at least 50 basis points, FT.Com reports. The central bank last week slashed the federal funds rate by 75bp to 3.5 per cent, its biggest cut for 25 years.
Gold and...
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