London flat as miners and major oil companies duke it out

London markets were flat as miners spoiled the party that Royal Dutch Shell investors were throwing.

How did markets perform?

The FTSE 100 UKX, -0.06% was nearly flat Thursday, up 0.1% to 7,388.6 after falling 0.4% in Wednesday’s session.

The pound GBPUSD, +0.0230% rose 0.1% to $1.3062, building on Wednesday’s gain of 0.4%.

What’s moving the markets?

The market story Thursday was very much an earnings-driven one, as Wednesday’s Federal Reserve announcement gave little credence to those hoping for signs it was considering a precautionary rate cut. The committee left rates unchanged, with Federal Reserve chair Jerome Powell arguing some factors holding back inflation are “transient”.

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