FX.co ★ FTSE 100 Falls for 5th Session

The FTSE 100 index saw a decline of 0.4% on Wednesday, settling at 9,515, and marking the fifth consecutive session of losses, reaching its lowest in four weeks. The banking sector dropped by 0.6%, continuing its five-day downward trend. Aerospace and defense stocks also took a hit, with BAE Systems plummeting by 4.8% and Rolls-Royce experiencing a minor decrease of 0.5%. Falling crude oil prices negatively impacted major energy firms, with Shell and BP seeing declines of 0.7% and 0.6%, respectively. The household goods and construction sectors decreased by over 1%, following the release of data indicating the smallest annual increase in house prices since May. Inflation for October showed a deceleration, marking the first slowdown since May, which heightened anticipations of a potential interest rate cut by the Bank of England in December, with market predictions at an 86% probability. However, persistent inflation in the food sector remains a concern. Investors are also closely watching Nvidia's earnings report, as it is anticipated to significantly influence global sentiment in the AI sector.