The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.

FTSE falls as gilt yields keep rising and dashed US rate cut hopes hit stocks - A combination of rising borrowing costs and dashed hopes of an imminent rate cut in the US hit London’s premier stock index.

U.K. stocks are up firmly in positive territory Wednesday morning, outperforming other major markets in Europe, after data showed an

UK stocks make a comeback, as BoE rate cut bets soar.

The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of climate risk that was launched in 2017.

Three major US banks are set to report -- JPMorgan Chase, Goldman Sachs and Citigroup, in that order. Their reports will be scoured not only for clues on the health of investment banking, but on the US economy.

The UK's FTSE 100 dropped slightly due to declines in banking stocks, overshadowing energy gains. As investors anticipate economic data, domestic FTSE 250 also fell. Rising British yields and investor wariness over the Federal Reserve's actions contributed to market uncertainties.

U.K.'s benchmark stock index FTSE 100 is down marginally Friday morning with stocks moving in a narrow range as investors largely

Britain's FTSE 100 closed at a near eight-month high on Thursday, as investors cheered upbeat earnings and signs of cooling inflation that could keep major central banks on track for further interest rate cuts.

The FTSE 100 was up 1.1% as of 1034 GMT, hitting record highs and on track for a fourth straight weekly advance. Retail sales, adjusted for the inclusion of the Black Friday sales at the start of the month,

IAG shares dropped 3.5% early on, with easyJet (LON: EZJ) PLC also among the FTSE 100’s fallers as rivals Wizz Air Holdings PLC (LON: WIZZ) and Ryanair (LON: 0RYA) Holdings PLC also slipped.