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UK Shares End US Fed Day in the Green

MT Newswires·12/10/2025 11:56:32
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11:56 AM EST, 12/10/2025 (MT Newswires) -- With the US Fed interest rate decision just hours away from being announced, UK blue-chip stocks investors took a risk-on stance as the FTSE 100 ended Wednesday trading 0.14%. "When it comes to the Fed's decision tonight, it's widely expected that they'll deliver another 25bp rate cut, which would be the third consecutive rate cut since the September meeting," Deutsche Bank Research said. "Beyond the immediate policy decision, our US economists also expect there to be dissents in both a hawkish and dovish direction. So to forge a consensus behind a rate cut today, they anticipate the statement and press conference will signal that the hurdle is relatively high for another cut in early 2026." Back in the UK, the session was quiet on the economic releases front, while the next two days, however, will feature important data points such as the October numbers for GDP, trade balance, industrial production, unemployment and PMIs. On the corporate side, Anglo American plc (AAL.L) is a step closer to completing its merger of equals deal as Teck Resources approved the plan at a special meeting. Shares of the British miner closed 1.24% in the red. "Looking ahead, we will continue to work closely with Teck and the regulatory authorities across various jurisdictions during the course of 2026 to obtain the necessary approvals to progress towards completion," Anglo Chief Executive Duncan Wanblad said. Meanwhile, Berkeley Group (BKG.L) logged a 7.7% annual decline in profit before tax for its fiscal first half ended October but the homebuilder confirmed its fiscal full-year 2026 pretax profit guidance; the stock added 3.24%.