By Lisa Pauline Mattackal and Shubham Batra
(Reuters) -The UK’s main stock indexes ended Wednesday on a downbeat note, hurt by energy shares tracking lower oil prices, while miners kept the losses in check as soared to a record high on expectations of another big rate cut by the U.S. central bank.
The blue-chip was down 0.2%, while the midcap edged 0.1% lower. The benchmark index got it biggest boost on Tuesday after China released a raft of stimulus measures.
However, the optimism faded as market watchers questioned whether the scope of proposed measures was sufficient to fix deep-rooted issues in China and spark a sustained resurgence in consumer and industrial demand.
Even China’s central bank reducing its medium-term loan rate on Wednesday did little to lift sentiment again.
“Monetary policy remains unlikely to move the needle on Chinese growth… The Chinese economy needs fiscal stimulus and monetary policy alone isn’t…
