- FTSE 100 retreats from highest close since May 14th- DAX, Dow and S&P 500 at record highs- Chinese CPI rises, UK production improves- BT falls as Sky unveils new sports channeltechMARK 2,851.50 -0.20%FTSE 100 6,845.20 -0.43%FTSE 250 16,205.98 -0.08%UK stocks pulled back on Tuesday after the FTSE 100 hit a four-week high and global equity indices hit records the previous session.The FTSE 100 was trading 0.4% lower at 6,845 by around midday. The index rose to 6,875 on Monday, its highest finish since May 14th when it set a new 14-year closing high of 6,878.49.Germany's DAX closed above the 10,000 level for the first time in history yesterday, while the Dow Jones Industrial Average and S&P 500 continued to set all-time highs in the US last night. Global stocks, as measured by the FTSE 100 All-World Index, rose 0.2% to a fresh record high while market volatility was maintained at multi-year lows."The horizon seems clear of both positive and negative signs, but there is a sense that things are becoming a little too quiet," said Alastair McCaig, Market Analyst at IG.Regarding the recent gains on Wall Street, McCaig said: "Low volatility is flashing amber for traders, while the lack of a major correction will mean that nervousness will be rising over the summer, even if volume isn't."Chinese CPI, UK productionEconomic data from China was being closely watched today after a bigger-than-anticipated climb in consumer prices to 2.5% year-on-year. Although this was still notably below the government's target of 3.5%, analysts believe the figure should allay concerns of a disinflationary environment, whilst also staying low enough to pave the way for future stimulus measures. Meanwhile, industrial activity in the UK expanded by 0.4% in April, according to the Office for National Statistics. Output was 3% higher than last year, the biggest annual gain in over three years and ahead of the 2.8% growth expected by the market.BNP Paribas UK Economist David Tinsley said the data "continues the trend of robust growth" and showed a "solid start to the second quarter".BT drops on Sky plansBritish Sky Broadcasting has stepped up its battle with new rival BT by unveiling an aggressive new sports and broadband package, causing BT shares to take a hit today. In August BSkyB will launch a new channel, Sky Sports 5, dedicated to European football and showing more than 600 live matches.Retailers were in focus this morning after Goldman Sachs downgraded sportswear chain Sports Direct and cash-and-carry group Booker. The bank, however, raised ASOS to 'conviction buy', saying it sees a "compelling entry point" after the stock was pummelled by a profit warning from the online fashion retailer last week.Natural gas producer BG Group was being weighed down by a ratings cut at Exane BNP Paribas from 'outperform' to 'neutral'.Tobacco group Imperial rose after announcing its intention to float its logistics business Logista on the Spanish stock exchange, but retain a majority stake. Panmure Gordon said keeping a 51% holding could see Imperial generate up to £720m from the flotation.Technology tool maker Oxford Instruments was higher after hailing an improved set of full-year results, with orders, sales and profits all ahead of the prior year.AIM-listed Tristel was a big mover this morning, surging after the contamination control and hygiene group raised its full-year guidance again after a stronger-than-expected fourth quarter. FTSE 100 - RisersSABMiller (SAB) 3,303.00p +0.78%Weir Group (WEIR) 2,651.00p +0.65%Smith & Nephew (SN.) 1,082.00p +0.65%Smiths Group (SMIN) 1,350.00p +0.60%United Utilities Group (UU.) 898.50p +0.56%Rolls-Royce Holdings (RR.) 1,077.00p +0.56%Imperial Tobacco Group (IMT) 2,617.00p +0.54%Compass Group (CPG) 1,011.00p +0.50%Severn Trent (SVT) 2,004.00p +0.50%Whitbread (WTB) 4,331.00p +0.42%FTSE 100 - FallersBT Group (BT.A) 395.00p -2.73%BG Group (BG.) 1,231.50p -1.56%Old Mutual (OML) 201.40p -1.52%International Consolidated Airlines Group SA (CDI) (IAG) 414.90p -1.43%Burberry Group (BRBY) 1,463.00p -1.42%Anglo American (AAL) 1,451.50p -1.36%William Hill (WMH) 342.90p -1.35%British Sky Broadcasting Group (BSY) 864.50p -1.31%easyJet (EZJ) 1,588.00p -1.24%Glencore (GLEN) 322.35p -1.21%FTSE 250 - RisersOxford Instruments (OXIG) 1,382.00p +2.83%Perform Group (PER) 267.00p +2.69%IP Group (IPO) 182.90p +1.84%Domino's Pizza Group (DOM) 558.00p +1.64%BTG (BTG) 624.50p +1.63%Tullett Prebon (TLPR) 289.00p +1.51%3i Group (III) 434.30p +1.47%Alent (ALNT) 335.90p +1.30%CSR (CSR) 629.00p +1.29%Partnership Assurance Group (PA.) 130.00p +1.25%FTSE 250 - FallersLonmin (LMI) 238.40p -4.94%Booker Group (BOK) 142.40p -2.40%Cranswick (CWK) 1,283.00p -2.06%Xaar (XAR) 765.50p -2.05%Imagination Technologies Group (IMG) 252.50p -1.87%Dunelm Group (DNLM) 879.50p -1.84%Vedanta Resources (VED) 1,170.00p -1.76%Countrywide (CWD) 546.50p -1.71%Premier Oil (PMO) 343.30p -1.66%Elementis (ELM) 283.10p -1.56%BC