U.K. Stocks Are Little Changed Before Fed Taper Decision
U.K. stocks were little changed, after the benchmark FTSE 100 Index fell the most this month, as investors awaited the Federal Reserve’s decision on whether it will start reducing the size of monthly bond purchases.
The FTSE 100 advanced 2.79 points, or less than 0.1 percent, to 6,572.96 at 8:36 a.m. in London. The equity benchmark has declined 3.9 percent from a 13-year high on May 22 amid concern the Fed will start to taper stimulus measures this year. The broader FTSE All-Share Index also gained less than 0.1 percent today, while Ireland’s ISEQ Index added 0.1 percent.
The Federal Open Market Committee will end a two-day policy meeting today, at which officials will decide to reduce its $85 billion in monthly bond purchases, according to the median estimate of economists in a Bloomberg survey.
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