FTSE 100 index saw a slight increase and climbed by 0.21% and traded at the start of the week at 7,277.37, however, the FTSE 250 dropped by 0,27% to 18,047.17 and European markets also had gains.
Despite this investors are keeping their eyes on China as the world’s second largest economy has had a series of negativity which has sparked concerns of a slowdown.
This comes as the Chinese Central Bank has cut the one year loan rate by less than expected, in an attempt to boost the economy and left the fiver year rate unchanged.
“There is still some expectation that Chinese authorities will step in with a more generous boost, but it appears the weakness of the yen appears to be stemming more immediate action,” Susannah Streeter, head of money and markets, Hargreaves Lansdown said.
Zoe Gillespie, chartered wealth manager at RBC Brewin Dolphin, told CNBC’s “Squawk Box Europe, “You’ve got the US raising rates, dollar strengthening… There’s a lot for central policymakers to do to their protect the currency and also stimulate the economy.”
