FTSE 100 dips in run-up to Fed verdict; UK inflation softens [Reuters]
JOHNSON MATTHEY S/ADR (JMPLY)
NASDAQ:AMEX Investor Relations:
matthey.com/investor
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Source: Reuters
the day, with softer-than-expected domestic inflation data cementing bets of interest rate cuts this year from the Bank of England. The blue chip FTSE 100 (.FTSE) , opens new tab slipped 0.1% as of 0817 GMT, as markets keenly awaited Fed decision that could potentially set the tone for global central banks. Supporting market sentiment, Britain's inflation stood at 3.4% in February, slightly below economists' expectations of 3.5%, according to a Reuters poll, ahead of the BoE's monetary policy update on Thursday. Money markets have priced in about 70 basis points of rate cuts for this year, up from around 67 bps prior to the data release. 0#BOEWATCH The rate-sensitive homebuilders index (.FTNMX402020) , opens new tab was among the top sectoral performers, rising 0.7%. The mid cap FTSE 250 (.FTMC) , opens new tab was up 0.1%, with Johnson Matthey (JMAT.L) , opens new tab among the top performers, surging 6.2% following the firm's announcement that it will sell its medical devi
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