Banks and builders lift FTSE ahead of US inflation data
Banks and builders lift FTSE ahead of US inflation data Financial stocks and housebuilders led the FTSE 100 higher on Friday, ahead of a key US inflation reading later in the day. The blue-chip index gained 17 points, or 0.3%, to 7,037, capping an uneventful week. ‘UK stocks have spent much of the past week trading sideways with a lack of real catalysts to push them firmly in either an upwards or downwards direction and today’s modest move higher for the FTSE 100 is very much in that vein,’ said AJ Bell investment director Russ Mould. HSBC (HSBA) rose 2.4% to 461p, after announc...
Source: citywire.co.uk