---
title: "FTSE 100 climbs as investors renew expectations for significant US rate cuts."
publisher: "Share Talk"
author: "sharetalk"
published: "2024-09-13T09:40:49+00:00"
modified: "2024-09-13T09:40:49+00:00"
date: 2024-09-13
canonical: "https://www.share-talk.com/ftse-100-climbs-as-investors-renew-expectations-for-significant-us-rate-cuts/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
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language: "en-GB"
---

# FTSE 100 climbs as investors renew expectations for significant US rate cuts.

**Published:** September 13, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Bank of England, banking, BARC, Barclays, Benchmark, BoE, buyback, Chancellor, childcare, CME Group, consumers, Coverage, CS Venkatakrishnan, domestic, energy bill, England, FCA, Fed, Federal Deposit Insurance Corporation, Federal Reserve, FREE, FTSE 100, FTSE 250, FTSE100, futures, Goldman Sachs, household, HSBC, HSBC Holdings, Inflation, investors, Jeremy Hunt, Legal & General, lending, Lloyds Banking Group, London, midcap index, NatWest Group, Ofgem, pandemic, price cap, Prime Minister, program, Prudential, Qatar, Regulators, Rishi Sunak, SEC, Serious Fraud Office, share, Share Talk, ShareHolders, silicon valley, Silicon Valley Bank, SIVB, sterling, SVB, The Bank of England, Traders, Treasury, UK, Underground, USA, Wall Street
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/FTSE-100-15-NOV-23.jpg?fit=1200%2C800&ssl=1)

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The FTSE 100 saw a slight rise as investors anticipated a significant interest rate cut in the US next week. The index increased by 0.1%, with its growth tempered by a robust pound that impacted its export-driven firms. In contrast, the mid-cap FTSE 250 rose by 0.3% and is on track for its first weekly increase in three weeks.

Shares of precious metal miners like Fresnillo, Endeavour, and Centamin climbed approximately 2% each as gold prices reached a new peak amidst a weakening dollar.

Industrial metal miners also saw gains of 0.9% as copper prices hit a two-week high, fueled by expectations of fiscal stimulus from China.

The pound reached a one-week high against the dollar following reports from the Wall Street Journal and the Financial Times that the US Federal Reserve’s decision on whether to cut rates by a quarter or a half percentage point next Wednesday could go either way. This speculation led traders to elevate their expectations of a more substantial half-point rate cut to 44%, up from 17% just a day prior, as per CME’s FedWatch tool. Bill Dudley, a former New York Fed President, later commented that there was a “strong case for 50”.

In other news, Vodafone’s £15 billion merger with Three UK raised concerns by Britain’s competition regulator that it might lead to higher costs for millions of mobile users. Vodafone’s stock rose by 0.3%.

Flutter Entertainment’s stock dipped slightly after the company announced its plans to acquire a 56% stake in NSX Group, the operator of Brazilian gaming company Betnacional, for approximately $350 million (£266 million).

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