Business · 1 hour ago
Housing stocks lift British FTSE indexes as bond yields drop sharply
Barratt Redrow, Britain's largest homebuilder, saw shares jump nearly 12 percent on Wednesday after posting strong financial results. The blue-chip FTSE 100 index gained 0.3 percent as government bond yields fell sharply from recent highs. Investors across the market are now waiting for interest rate announcements from both the Bank of England and the US Federal Reserve.
Reported by Reuters · How we write briefs