FTSE 100 to fall from record high after Fed holds interest rates and Iran attacks; Rolls-Royce expects higher profits – business live

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The FTSE 100 is expected to decline as the US Federal Reserve maintains interest rates between 3.5% and 3.75%. This decision, coupled with Donald Trump's attacks on Iran, has fueled inflation concerns. Consequently, US government borrowing costs reached a 19-year high, with the 30-year US Treasury bond yield rising 14 basis points to nearly 5.24%. These rising yields weighed on equities, causing volatility in the S P 500 and impacting global stock markets.
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