Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Sept 15 - UK's FTSE 100 ended the week with gains on Friday as miners jumped following better-than-expected data from China, while the prospects of global central banks nearing the end of their monetary tightening further boosted risk sentiment.
Tracking the metal prices higher, precious metal miners advanced 3.5%, while industrial metal miners rose 1.4%. "We believe the Chinese economy could gradually bottom out in the rest of this year amid a series of recent monetary and fiscal stimulus," Jinyue Dong, senior economist at BBVA Research said in a note.
Investors now await interest rate decisions by the U.S. Federal Reserve and the Bank of England next week after the European Central Bank hiked the key lending rate to a record 4% on Thursday, but signalled that the latest increase would likely be its last.
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