Bank shares have boomed today as dire GDP growth stats and a lulling oil price have fuelled hopes for...
Bank shares have boomed today as dire GDP growth stats and a lulling oil price have fuelled hopes for a rate cut this year. The banks have boosted the FTSE 100 up around 1.7% today to 5464 points so far. The oil price fell as speculators sold out amid concern that recent commodity recovery may have been over-zealous. Meanwhile the Office for National Statistics revealed GDP growth was flat in Q2, surprising analysts who expected 0.2% growth. Commercial property manager Liberty International has contributed to the good day, rising 8.29% to 947.5p following news it had purchased Earl’s...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
