FTSE 100 falls after Fed minutes, deal talks lift NMC Health

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FTSE 100 falls after Fed minutes, deal talks lift NMC Health
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London's FTSE 100 fell on Thursday as minutes of the latest U.S. Federal Re...

The company also posted half-year results and announced plans to buy back up to $200 mln worth of shares.Exporter stocks dropped due to a modest recovery in the pound, while heavyweight financial stocks tracked losses in Asian markets after Fed minutes overnight showed policymakers were deeply divided on an interest rate cut.

“Judging by the reaction in bond markets, and the shorter end in particular, the prospect of a 50 basis point cut next month is much less of a probability, than it was 24 hours ago,” CMC Markets analyst Michael Hewson said. Uncertainty over the Fed’s stance comes ahead of an address by Chairman Jerome Powell on Friday, which investors will look at for any further signs of policy easing and fiscal stimulus.

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