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FTSE crosses 7,100 despite anxious wait for inflation data 10 Jun, 2021 at 10:12
The FTSE 100 sneaked past 7,100 this morning despite investors anxiously awaiting US inflation data for clues as to the direction of central banks’ monetary policy.
The blue-chip index was up 0.3%, or 21 points, at 7,102 by mid-morning, ahead of not only a European Central Bank (ECB) policy meeting but the latest inflation reading from the US.
The spectre of rising prices has been weighing on markets and the two events today may provide investors with a steer on whether central banks will start to tighten their monetary policy and when they might hike interest rates.
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FTSE ticks higher as US inflation surges to 5% citywire.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywire.co.uk Daily Mail and Mail on Sunday newspapers.