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Lancashire
Tuesday, July 23, 2024

Further losses for the stock market in the UK, investors remain cautious before Fed

Today’s market analysis on behalf of Ahmed Fouad, Head of Sales at Emporium Capital

The stock market in the UK continued to record losses with investors becoming ever more cautious before the Federal Reserve interest rate decision tomorrow as well as that of the Bank of England the following day. In this regard, the FTSE 100 could remain under threat and could see large price swings in case of a surprise from either institution.

The main index has recorded significant volatility this year and could continue to do so as uncertainties remain on the economic and geopolitical sides while the conflict in Ukraine impacts expectations, logistics and commodities.

The energy sector found some support from the rebounding oil prices today. However, companies in this segment could see downward pressure if oil prices return to the downside while demand is expected to slow down for the remainder of the year.

Banks on the other hand could see better trading conditions as well as better bottom lines as interest rates continue to rise. In this regard, the sector could continue recording gains.

Other sectors could be exposed to further economic slowdown as interest rate hikes continue to erode growth. The Bank of England and other central banks could maintain an aggressive monetary policy in their fight against inflation which remains at very high levels.

Sam Allcock
Sam Allcockhttps://businesslancashire.co.uk/
Sam Allcock is a highly regarded digital entrepreneur with over 20 years’ experience in online marketing for some of the World’s biggest brands. He has extensive knowledge and experience in SEO and digital marketing. He is based in Cheshire but has an interest in all things going on in the North West and enjoys contributing local news to the site.
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