FTSE 100 Live: UK Stocks Steady After Worst Week Since October

14h 4m ago07:58 That’s all from Markets Today. Tomorrow we’ll get an updates on festive trading from discount retailer B&M and from Games Workshop, responsible for the Warhammer games franchise. The British Retail Consortium will also publish retail sales data. Join us on here tomorrow for news on what’s moving markets. Email us with any questions or comments at marketstoday@bloomberg.net . Charlotte Hughes-Morgan 14h 15m ago07:47 Stocks have continued to accelerate their turnaround in the afternoon, with the FTSE 250 extending to a session high with a 0.8% gain. Homebuilders, travel stocks and the jump for power firm Drax are all helping. The FTSE 100 is nearly flat in spite of declines for Shell and BP as crude prices fell and with miners still in the red. Gilt yields are now falling slightly across the curve and the pound is now a little stronger against the dollar, firmly above $1.27. Markets Today 14h 27m ago07:35 The build up to Thursday’s monthly GDP figures is already underway — analysts at Deutsche Bank are among those predicting UK growth bounced back in November after October’s surprise drop. The analysts expect a 0.2% expansion in GDP compared to the previous month, with services activity boosted by strong retail sales at the end of last year and a jump in electricity and gas output lifting industrial production. That said, they still downgrade their 2023 forecast to 0.3% after last year’s downward revisions and warn that 2024 will likely start bumpy before picking up later in the year as fiscal policy becomes easier than anticipated. A revision to third-quarter GDP estimates at the end of last year raised fears that the UK would fall into a recession and fuelled bets that the Bank of England would cut interest rates sooner than anticipated. A rebound […]

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By Donato