British equities experienced a notable rise on Thursday, continuing a trend of strong performance from the previous session. This surge comes as markets anticipate potential interest rate cuts by the U.S. Federal Reserve following a lower core inflation reading.
The FTSE 100, Britain’s blue-chip index, climbed 0.9% as of 1017 GMT, reaching its highest level in over a month. Additionally, the domestically focused FTSE 250 midcap index increased by 0.2%. Notably, precious metal miners surged 3.2% with gold prices remaining near monthly highs, and the aerospace and defense sector gained 2.1% driven in part by a 2.5% rise in Rolls-Royce shares after an improved price target from Morgan Stanley.
Finance Minister Rachel Reeves may welcome this positive development after a prior market sell-off tied to announced tax increases on businesses. Simultaneously, Britain’s economic output saw a return to growth in November, albeit below…
