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The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. U.K. inflation surprised with a dip to 6.7% in August, below expectations and sparking increased bets on a pause in interest rate hikes from the Bank of England on Thursday. The goods rate rose slightly from 6.1% to 6.3% but was more than offset by the services rate slowing significantly from 7.4% to 6.8%. Caroline Simmons, U.K. chief investment officer at UBS, told CNBC that the central bank will still most likely hike on Thursday. "We do believe that's going to be their last hike, however, because we do have these downward forces on inflation," she added.
Persons: Raoul Ruparel, Ruparel, Caroline Simmons Organizations: OECD, Bank of England, Reuters, National Statistics, Boston Consulting Groups, for Growth, of England, UBS, CNBC Locations: Sheffield, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Be careful what's under the hood' when investing in cheap UK stocks, UBS UK CIO saysCaroline Simmons, U.K. chief investment officer at UBS, assesses the outlook for U.K. stock markets. She says they're likely to "perform in line with wider equity markets" and adds that investors need to consider factors beyond valuation.
Persons: Caroline Simmons Organizations: UBS
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS says earnings expectations are too high for the 'growth backdrop'Caroline Simmons, U.K. chief investment officer at UBS, discusses the outlook for earnings and what to expect from U.S. debt ceiling negotiations.
SummarySummary Companies Rolls-Royce jumps on upbeat forecastMajor banks and healthcare stocks trade ex-divFTSE 100 down 0.3%, FTSE 250 adds 1.0%Feb 23 (Reuters) - The FTSE 100 index fell on Thursday, as banking and healthcare majors traded ex-dividend, although a surge in Rolls-Royce after it reported higher profit limited further losses. The blue-chip FTSE 100 (.FTSE) was down 0.3%, on track for its third straight session of decline. Some banks, including Barclays (BARC.L) and Standard Chartered (STAN.L), and healthcare majors AstraZeneca (AZN.L) and GSK (GSK.L) traded without entitlement for dividend payout. The exporter-heavy FTSE 100 has had a strong start to the year, helped by some positive earnings and a stir in commodity prices, hitting record highs and breaching the 8,000 barrier level. Among individual stocks, Mondi (MNDI.L) hit the bottom of the FTSE 100, falling 6.7% after reporting its full-year results.
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