(Alliance News) – Hawkish words from Federal Reserve policymakers supported the dollar and hurt equities prices on Tuesday, as stock-market traders weigh up the prospect of US interest rates being higher for longer.
Though it was a tough morning for equities generally, there was good news for a selection of consumer stocks, suggesting Christmas 2022 was better than feared.
The FTSE 100 index was down 32.53 points, or 0.4%, at 7,692.41. The FTSE 250 was down 94.40 points, or 0.5%, at 19,384.99, and the AIM All-Share was 1.84 points lower, or 0.2%, at 848.20.
The Cboe UK 100 was down 0.3% at 770.18, and the Cboe UK 250 was down 0.6% at 16,919.88. The Cboe Small Companies was down 0.2% at 13,736.55.
In European equities on Tuesday, the CAC 40 in Paris was 0.3% lower, while the DAX 40 in Frankfurt lost 0.7%.
It was a largely weaker day for Asian equity markets on Tuesday,…
