London stocks muted ahead of key central bank decisions; Kingfisher drops on glum profit forecast

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Reuters UK

(Reuters) – UK stocks were muted at open on Tuesday as investors remain cautious ahead of domestic inflation data and key central bank policy meetings, while shares of Kingfisher dropped after the home improvement retailer cut its annual profit forecast. Both the FTSE 100 and FTSE 250 indexes were flat in early trade. Global financial markets keenly await the U.S. Federal Reserve’s and the Bank of England’s (BoE) interest rate decisions this week along with key UK inflation data, as they bet for an end to the rate hiking cycle. Shares of Kingfisher dipped 4.8% to the bottom of the benchmark in…

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