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FTSE 100 reaches 9,000 level with trade talks, rate path in focus
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FTSE 100 reaches 9,000 level with trade talks, rate path in focus
Jul 15, 2025 4:30 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

*

FTSE 100 up 0.1%; FTSE 250 up 0.6%

*

Experian ( EXPGF ) jumps on revenue growth

*

Barratt Redrow ( BTDPF ) slumps on annual home completion miss

*

Reeves, Bailey to speak at Mansion House dinner

By Ankita Yadav

July 15 (Reuters) - The UK's FTSE 100 surpassed the

9,000-point mark for the first time on Tuesday, as investors

took comfort in a relatively tariff-shielded market and rising

bets of a Bank of England interest rate cut.

The blue-chip FTSE 100 was up 0.1% at 9,001.1 points

- touching a fresh intraday record high as of 1035 GMT - while

the domestically oriented FTSE 250 index climbed 0.6% to

a more-than-three-year high.

"The UK market has acted as something of a safe haven amid

global trade uncertainty in recent months, thanks in part to the

UK quickly striking a trade deal with the U.S.," said Jonathan

Unwin, UK head of portfolio management at Mirabaud Wealth

Management.

The UK is one of only two countries to have a trade deal

with the U.S.

"Expectations of UK rate cuts are further supporting

rate-sensitive stocks, while the currency drag from dollar

weakness has largely played out at this stage."

The blue-chip index has risen about 20% from its April lows

when U.S. President Donald Trump's announcement of "Liberation

Day" tariffs sent global stocks plunging.

Later on Tuesday, British Finance Minister Rachel Reeves

will set out measures to ease access to mortgages when she gives

the annual Mansion House speech.

Investors will also tune in to BoE Governor Andrew Bailey's

commentary on the central bank's rate outlook.

Traders are currently pricing in 89% chances of a 25 bps

rate cut in August, as per data compiled by LSEG.

Industry data showed British retail spending bounced back in

June, following weak sales growth in May, as unusually hot

weather boosted demand for fans and summer clothing.

Among individual stocks, Experian ( EXPGF ) rose 4.7% after

the credit data firm reported an 8% organic revenue growth in

the first quarter and reaffirmed its annual forecasts.

Barratt Redrow ( BTDPF ) slid 6.2% after Britain's largest

homebuilder said home completions missed expectations for fiscal

2025, as concerns around affordability resurfaced and deterred

private buyers.

B&M slumped 8.5% after the discount retailer missed

like-for-like sales estimates in its UK business in the first

quarter.

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