UK Stock Markets Steady Amid ECB Rate Decision Anticipation

The UK's major stock indexes remained stable as investors awaited the European Central Bank's interest rate decision. Rentokil's gains offset losses from stocks trading ex-dividend. Attention is turning from macroeconomic indicators to upcoming earnings reports. Mondi reported lower profits, while Rentokil and Entain shares rose following positive updates.

The UK's major stock indexes demonstrated stability on Thursday, as investors anticipated the European Central Bank's interest rate verdict. Rentokil's rise helped alleviate the declines from ex-dividend stock movements.

Despite a dip in industrial metal miners, and losses in companies like Smiths Group and Persimmon, the blue-chip FTSE 100 held steady at 8,328.70. Meanwhile, the mid-cap FTSE 250 remained unchanged at 20,969.57.

Investor enthusiasm following a drop in Britain's inflation rate was tempered as focus shifted to the ECB's forthcoming rate decision and strategies from President Christine Lagarde. With the earnings season approaching, companies are preparing to release third-quarter results, which could influence future market trends.

(With inputs from agencies.)