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Sept 12 - UK's FTSE 100 rose on Tuesday after a mixed labour report signalled that the Bank of England might be nearing the end of its interest rate hike cycle, although a slump in packaging producer Smurfit Kappa's shares capped gains.
Britain's unemployment rate rose to 4.3% in the three months to July from 4.2% a month earlier, indicating a cooling in the labour market. "We're sort of getting a little bit of conflicted and mixed messages and that's why it's going to be very difficult for the BoE to make a decision on the rate path," said Anthi Tsouvali, multi-asset strategist at State Street Global Markets.
Traders are betting on a 78% chance of the BoE lifting rates by 25 basis points at its September meeting.
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