The Bank of England has now cut rates from 5.25% to 4.0% in the run to the downside.
A summary of the closing levels shows:
France's CAC +0.97% German DAX, +1.11%UK's FTSE 100 -0.69%Spain's Ibex +1.06%Italy's FTSE MIB +0.93%.Dow industrial average -325.91 points or -0.74% at 43866. At session highs, the index was up 305 points S&P index -7 points or -0.10% at 6338. At session highs the index was up 44.65 pointsNASDAQ index +88 points or 0.41% at 21256. At session highs the index was up 238.73 points.Russell 2000-15.32 points or -0.69% at 2205.80. At session highs the index was up 21.87 points
In the US debt market ahead of the 30-year bond auction at 1 PM, yields are mixed with the shorter end higher in the longer end lower:
2-year yield 3.721%, +2.1 basis points5-year yield 3.772%, +1.0 basis points10 year yield 4.226%, -0.5 basis points30 year yield 4.789%, -2.2 basis pointsCrude oil $-0.39 at $63.92Gold up $18.92 at $3387.Silver up $0.36 at $38.17.Bitcoin up $1700 at $116,798.
Looking at the US dollar, the greenback is mixed.
The biggest mover is the GBPUSD with a gain of 0.54% after the dovish cut from the BOE. The USDJPY, USDCAD, AUDUSD are all little changed at less then 0.10% change. The NZDUSD is up 0.24% and the EURUSD is down -0.17%Bostic warned that tariffs could place upward pressure on prices for the next six to twelve months, adding complexity to the Fed’s inflation outlook. He stressed that tariffs can’t be dismissed as transitory, as they are designed to produce structural shifts that could lead to more persistent inflationary effects. He emphasized that the most important question now is whether these price shifts will be one-time or sustained. While businesses are adapting with a variety of pricing strategies, Bostic believes the tariff episode is likely to last longer than expected and will require close monitoring.
On policy, Bostic reiterated that he still sees one rate cut this year as appropriate, though he emphasized that much data remains before the Fed’s September meeting. He also noted that federal debt issuance may siphon off liquidity, adding another element the Fed must watch. Despite recent challenges, Bostic expressed hope that price pressures will ease by mid to late 2026.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about major european indices close mostly higher with the uk ftse 100 the exception was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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