(Il Sole 24 Ore Radiocor) – Milan, 3 Oct – House builders shine on the London Stock Exchange, thanks to the comments of the Governor of the Bank of England, Andrew Bailey, on the reduction of interest rates, which would have positive repercussions on sector. The stock of Persimmon, number one in the British housing sector, led the Ftse 100 index in the early afternoon with a gain of 2.7% at 1,668.50 pence. Also in the top positions of the list are Vistry (+2.3%), Barratt (+2%) and Taylor Wimpey (+2.1%). The FTSE 100, meanwhile, rises by 0.25%. In an interview with the Guardian newspaper, Bailey hinted at the possibility that the Bank could become “a little more aggressive” in cutting interest rates, provided the news on inflation continues to be good. ‘I think the economy has withstood the shocks of the last five years better than many of us feared. So there is a base to build on,’ he added. As operators point out, the prospect of a drop in interest rates would encourage the purchase of homes due to the lower cost of interest on mortgages. Obviously, construction companies themselves would also benefit from an easing of monetary policy due to lower financing costs.
Gli-col
(RADIOCOR) 03-10-24 14:19:08 (0398) 5 NNNN
