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FTSE 100 today: London markets brace for caution as traders scale back rate cut bets

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City AM

By Vivek Kumar Moving Markets Today: Asia Tracks Wall Street’s Dip, Oil Prices Stable; UK Retail Sales Slow, RBA Maintains 4.35% Interest Rate, Eyes on UK Construction PMI The main indexes on Wall Street closed lower as Federal Reserve Chair Jerome Powell dismissed speculations of imminent rate cuts. In Asia, shares fell as hopes for a quick pivot by the U.S. Federal Reserve were dampened by data. Oil prices remained stable amid assessments of Blinken’s visit to the Middle East. UK retail spending growth slowed down in January. The Reserve Bank of Australia (RBA) opted to keep the 4.35% intere…

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