FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK's blue chip index cut losses, following US markets that are shrugging off inflation fears
FTSE 100 down 41 points
Dow up 1.3%
5.10pm: FTSE largely salvaged what was almost a severely negative day
The FTSE 100 ended 41 points lower, 0.6%, at 6,963 after falling as low as 6,823 earlier in the day.
Mining stocks were among the laggards due to weak iron ore price, according to media reports. Rio Tinto Group (LON:RIO) shares fell more than 4% to £6,304, and Anglo American PLC stock lost nearly 4.5% to £3,250.50.
In the US, the Dow was up 423 points, 1.3%, to 34,011 at midday. The Nasdaq gained 76 points, 0.6% to 13,108, and the S&P 500 added 44 points, 1.1%, to 4,109.