FTSE 100 Surges on Crude Oil Price Dip, Fed Rate Hike
The UK stock market has seen an increase in trading value, with the FTSE 100 rising by about 0.4% on Thursday, September 17.
This growth is attributed to several factors: the decrease in oil prices, which has eased concerns over energy supply and inflation; the stabilization of global bond markets; and the interest rate announcement by the US Federal Reserve Bank.
The drop in oil prices, particularly following Saudi Arabia's offer to increase oil exports through Oman, has led to a reduction in fears related to energy supply problems and inflation. As a result, industries sensitive to energy prices may also benefit from this development.
The latest policy move by the US Federal Reserve, which saw an interest rate hike of 25 basis points to 3.75%-4%, reflects ongoing concerns about inflation but has been met with a relatively stable bond market environment.