(RTTNews) – The UK stock market is down in negative territory on Thursday, mirroring the trend in other major European markets, as investors react to the latest batch of earnings announcements from the domestic and global front, and some regional economic data.
Investors are also digesting the Federal Reserve’s interest rate cut and the signal about future policy moves, in addition to awaiting the policy announcement from the European Central Bank.
The benchmark FTSE 100 was down 57.16 points or 0.59% at 9,698.98 a few minutes before noon.
Standard Chartered is up 2.2% after reporting higher quarterly profit and lifting its income and return outlook. Profit attributable to ordinary shareholders was $1.03 billion, up 10% from $931 million a year ago. Basic earnings per share grew 7.7% to 44.5 US cents from 36.8 US cents last year.
Airtel Africa is rising 3.2%, extending gains from the…
