FTSE falls as gilt yields keep rising and dashed US rate cut hopes hit stocks - A combination of rising borrowing costs and dashed hopes of an imminent rate cut in the US hit London’s premier stock index.

U.K. stocks are up firmly in positive territory Wednesday morning, outperforming other major markets in Europe, after data showed an

London stocks advanced on Friday as the pound fell following a retail sales reading that boosted expectations of a Bank of England interest rate cut next month, with the blue-chip FTSE 100 hitting all-time highs.

Three major US banks are set to report -- JPMorgan Chase, Goldman Sachs and Citigroup, in that order. Their reports will be scoured not only for clues on the health of investment banking, but on the US economy.

Britain's FTSE 100 closed at a near eight-month high on Thursday, as investors cheered upbeat earnings and signs of cooling inflation that could keep major central banks on track for further interest rate cuts.

UK stocks make a comeback, as BoE rate cut bets soar.

The exporter-heavy FTSE 100 slipped 0.1%, while the domestically focused FTSE 250 dropped 1.3% to a one-week low. Wall Street also came under pressure after upbeat economic data stoked uncertainty among investors about the pace of monetary policy easing by the Federal Reserve this year.

Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.

Global equities rallied on Friday as traders digested corporate results and prepared for US President-elect Donald Trump's inauguration next week, pushing London's benchmark FTSE 100 and Frankfurt's D

The FTSE 100 was up 1.1% as of 1034 GMT, hitting record highs and on track for a fourth straight weekly advance. Retail sales, adjusted for the inclusion of the Black Friday sales at the start of the month,

US stocks were set to rise on Friday as the revival of Federal Reserve policy-easing bets pushed Treasury yields lower.