Test- FTSE 100 Kicks Off August on a High as BP and Senior Lead Market Momentum
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10 Oct 2025, 13:13
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In the stock market today, European stock markets are anticipated to start off lower due to worries about slowing economic growth as the banking crisis continues.
This week, there have been some indications of stability in the European banking sector, but on Thursday, selling by the smaller regional U.S. banks resumed despite efforts by Treasury Secretary Janet Yellen to reassure investors.
The difficulties are evident as borrowing at the Federal Reserve's discount window was a whopping $110 billion as of Wednesday. Yellen reaffirmed on Thursday that she was willing to take more steps to guarantee that American bank deposits remain safe.
Meanwhile, lending from the Fed's new Bank Term Financing Program exploded to almost $54 billion, while loans to foreign central banks climbed to $60 billion.
The Swiss National Bank and the Bank of England both increased interest rates on Thursday, following the rate increase by the European Central Bank last week. This indicates that central banks are continuing to tighten their control over inflation, which is likely weighing on economic activity.
Later in the session, at the European Council meeting, ECB President Christine Lagarde is scheduled to speak. In the meantime, the European PMIs will be closely watched because they could have an impact on monetary policy and the markets.
UK retail sales increased in February by a stronger-than-anticipated 1.2% on a monthly basis, which was an improvement over the revised 0.9% increase in January that resulted in a 3.5% annual decline.
Oil climbed up Friday, closing a relatively positive week on the up despite U.S. authorities voicing concern about the amount of time it will take to rebuild the country’s Strategic Petroleum Reserve, which has plummeted to a near 50-year low.
Key events today:
(Investing.com, Reuters.com)
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