FTSE 100 gains 10 points to 10,896 as Wall Street slips
AI Market Summary
UK equities edged higher as miners offset weakness in oil majors, while Wall Street softened ahead of Nvidia earnings. US core PCE held at 3.3% YoY, reinforcing a "sticky inflation" backdrop and keeping focus on the Fed's upcoming messaging. Brent fell on reduced geopolitical disruption fears, supporting travel but pressuring energy. Record copper supported mining-heavy UK indices despite softer gold.
Impact level
● Medium
Affected assets
NCSIUK2USD/USDT-0.66%
AI Insight · NCSIUK2USD/USDTAI Insight
● Neutral
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The FTSE 100 rose 10 points to 10896, while the three main US stock indexes edged lower. The US core PCE price index rose 3.3% year on year in July, in line with expectations. Meta agreed to pay about $16.7 billion to settle claims over product design, and Abercrombie & Fitch shares surged after it raised guidance. Investors are waiting for Nvidia’s earnings and US inflation data.
