London’s FTSE 100 index dipped 0.5% on Tuesday morning, as investors juggled mixed corporate earnings and braced for interest rate decisions from the U.S. Federal Reserve and the Bank of England. The air is also thick with anticipation ahead of key earnings reports.
Investors are treading carefully, awaiting signals from the Bank of Japan, Federal Reserve, and Bank of England. Adding to the tension, the UK is staring at a projected overspend of £22 billion, according to new Chancellor Rachel Reeves. The economic calendar is packed with eurozone GDP, consumer confidence data, and German inflation figures.
Beverage stocks took a hit, with Diageo plunging 10.3% after revealing a 4.8% drop in annual organic operating profit. It also reported a 1.3% decline in full-year sales to $27.89 billion and a 3.3% fall in pretax profit to $5.46 billion. Despite the gloomy numbers, the company hiked its dividend…
