London’s stock market closed mixed on August 26. Healthcare and oil stocks were sold while consumer staples and tobacco shares attracted buyers, with the FTSE 100 (.L) posting its first modest decline in seven sessions. The mid-cap FTSE 250 index rose 0.17%.
The US Commerce Department reported that the July Personal Consumption Expenditures (PCE) price index rose 3.7% year-over-year, exceeding market expectations of 3.6%, modestly strengthening the case for a Federal Reserve rate hike in September. This weighed on European markets…
