London’s
The blue-chip index rose 0.2 per cent at the open to its highest since
Life insurers and banks provided the biggest boosts, while oil majors
Meanwhile, the domestically focused mid-cap
British inflation unexpectedly jumped above the BoE’s two per cent target in May when it hit 2.1 per cent. The rise was driven by a surge in clothing, fuel, games, and takeaway food prices.
“Today’s inflation print confirms that as the
“With
Market movers
The morning’s biggest winner was
Betting firm
Miner
Meanwhile, Anglo American and Fresnillo both dipped by 2.3 per cent and two per cent respectively.
Around the world
Asian shares retreated slightly today after modest Chinese retail sales data and industrial production offered reason for caution.
MSCI’s broadest index of
Japan’s
Trading could be choppy around the conclusion of the Federal Reserve’s two-day meeting later in the session.
“We think Chair Powell will indicate officials discussed talking about tapering, but tapering itself is still someway off given the Fed remains well short on making substantial progress on employment with payrolls still 7.3m below pre-pandemic levels,” said NAB economics director
The post
© City AM, source