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Fri, February 7, 2025

FTSE 100 Live: Index slips from record; House prices hit record; L&G surges


Published on 2025-02-07 08:21:09 - Investing
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  • The FTSE 100 headed lower as trading got underway on Friday, in line with a drop for heavyweights AstraZeneca PLC (LON: AZN) and GSK PLC. London's blue-chip index slipped 18 points to 8,708 initially, having hit a record high of 8,767 on Thursday.

The article from Investing.com discusses the current state of the FTSE 100 and various economic indicators influencing the market. It highlights that house prices in the UK are under scrutiny, with Halifax reporting a slight increase in house prices for May, suggesting a potential stabilization after a period of decline. This news comes ahead of the crucial U.S. Nonfarm Payrolls data release, which could influence global markets, including the FTSE 100. The article also touches on the broader economic environment, mentioning the anticipation around the U.S. employment figures which could affect expectations for Federal Reserve actions on interest rates. Additionally, there's mention of other market movers like commodity prices, with oil prices being particularly noted due to their impact on inflation and economic forecasts. The FTSE 100 itself is described as being in a cautious mood, with investors weighing these mixed signals from both domestic and international economic indicators.

Read the Full Investing Article at:
[ https://uk.investing.com/news/stock-market-news/ftse-100-live-house-prices-in-focus-before-nonfarm-payrolls-in-us-3912732 ]
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