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The Markets
by Proactive
Proactive UK has moved.
Growth stocks coverage continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Growth stocks coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Growth stocks coverage continues on .com
Go to Proactive UK

Finance

FTSE 100 LIVE: Blue-chips set to hit pause button after Thursday's triple-digit rally

City of London — Credit: Dan Lynn by Unsplash
Dan Lynn by Unsplash

Preview

The FTSE 100 looks set to pause for breath on Friday, with futures pointing to an open 14 points lower after Thursday's 129-point gain.

Asian shares mostly rose overnight, taking their cue from a rally on Wall Street and a further fall in oil prices.

Japan's Nikkei 225 climbed almost 2% after the Bank of Japan raised its benchmark rate to 1.25% from 1%, a 31-year high.

The move had been widely anticipated, coming after the Federal Reserve lifted US rates this week.

South Korea's Kospi jumped 2.3%, while Hong Kong's Hang Seng and the Shanghai Composite also gained.

On Wall Street, the S&P 500 rose 1.1% and the Nasdaq 1.7%, as Brent crude slid from the near $110 it hit earlier in the week to trade at $103.83 a barrel.

The retreat in oil eased bond market pressure, pulling the 10-year Treasury yield down to 4.93%.

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