U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.72%

Source Investing
May 28, 2024 16:05

Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the Travel&Leisure, Food Producers and Beverage sectors propelled shares lower.

At the close in London, the Investing.com United Kingdom 100 fell 0.72%.

The biggest gainers of the session on the Investing.com United Kingdom 100 were Ocado Group PLC (LON:OCDO), which rose 9.79% or 36.60 points to trade at 410.40 at the close. JD Sports Fashion PLC (LON:JD) added 5.43% or 6.60 points to end at 128.05 and Intermediate Capital Group PLC (LON:ICGIN) was up 3.19% or 74.00 points to 2,394.00 in late trade.

Biggest losers included Flutter Entertainment PLC (LON:FLTRF), which lost 7.35% or 1,175.00 points to trade at 14,815.00 in late trade. Entain PLC (LON:ENT) declined 4.70% or 33.20 points to end at 674.00 and Persimmon PLC (LON:PSN) shed 3.01% or 44.50 points to 1,436.50.

Advancing stocks outnumbered falling ones by 956 to 860 and 694 ended unchanged on the London Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 1.11% or 25.95 to $2,360.45 a troy ounce. Meanwhile, Crude oil for delivery in July rose 2.53% or 1.97 to hit $79.69 a barrel, while the August Brent oil contract rose 1.15% or 0.95 to trade at $83.83 a barrel.

GBP/USD was unchanged 0.11% to 1.28, while EUR/GBP unchanged 0.07% to 0.85.

The US Dollar Index Futures was down 0.26% at 104.36.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Source  Fxstreet
Gold prices climbed on Wednesday following a lower-than-expected inflation report in the United States (US), which increased the odds of a Federal Reserve (Fed) interest rate cut later in the year.
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EUR/USD shudders after Fed dot plot shifts away from rate cuts, Fiber falls from 1.0850EUR/USD pivoted away from 1.0850 on Wednesday after the Federal Reserve (Fed) held rates as markets broadly expected, but a shift in the Fed's "dot plot" of interest rate expectations is warning that interest rates are likely to continue holding higher for longer Fed leaves policy rate unchanged at 5.25%-5.5% as forecast The Fed's interest rate outlook sees higher rates than previously expected, with the 1-year rate outlook rising to 4.1% from the previous 3.9%.
Source  Fxstreet
EUR/USD pivoted away from 1.0850 on Wednesday after the Federal Reserve (Fed) held rates as markets broadly expected, but a shift in the Fed's "dot plot" of interest rate expectations is warning that interest rates are likely to continue holding higher for longer Fed leaves policy rate unchanged at 5.25%-5.5% as forecast The Fed's interest rate outlook sees higher rates than previously expected, with the 1-year rate outlook rising to 4.1% from the previous 3.9%.
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Source  Fxstreet
The EUR/USD pair oscillates in a narrow range during the Asian session on Wednesday and consolidates its losses registered over the past three days, to the 1.0720 area, or the lowest level since early May touched the previous day.
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