Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 24, 2025

London's FTSE 100 kicks off holiday-shortened week lower

(Reuters) -London's FTSE 100 snapped a three-session winning streak on Monday, with gold miners leading broader market declines as investors booked some profits heading into the new year.

The blue-chip FTSE 100 was down 0.4%, after logging its best week this month in the previous session. The mid-cap FTSE 250 also lost 0.4%.

The FTSE 100 is set for its fourth straight year of gains, while the FTSE 250 is on track for its second consecutive yearly rise.

Precious metal miners led sectoral declines on the day with a 2% loss, trading at their lowest levels in more than three months, as gold prices slipped. Personal goods followed with a 1.1% decline.

Most major FTSE 350 sectors lost ground, though banks and travel and leisure shares gained 0.3% each.

Trading volumes are expected to be thin in a holiday-truncated week. UK markets will close early on Tuesday and remain shut on Wednesday for the New Year.

Investors are bracing for uncertainty in 2025 as Donald Trump returns to the White House with his potential tariff policies. Domestic businesses are also assessing the impact of UK Finance Minister Rachel Reeves' October budget announcement.

Any clues on the Bank of England's monetary policy trajectory will also be on the radar, after the British central bank suggested it would "stick" to its gradual approach to reductions on the back of sticky inflation in the economy.

The BoE delivered two interest rate cuts in 2024, totalling a reduction of 50 basis points. Money market participants are now pricing in more than 52 bps in cuts in 2025.

(Reporting by Purvi Agarwal in Bengaluru; Editing by Shilpi Majumdar)

Recommended for you

  • Brookfield to invest 20 billion euros in AI projects in France, Tribune reports

  • Ukraine's military says it shot down 70 out of 151 drones launched by Russia overnight

  • China to roll back clean power subsidies after boom