FTSE 100 advances after better than expected CPI data10 Aug 2022 15:08
Shares in London pushed ahead after better than expected US CPI data gave hope that US inflation may have peaked.
The reading for July came in at 8.5%, lower than the consensus forecast of 8.7%, and below last month’s 9.1% rise.
At 1.45pm the FTSE 100 was at session highs, up 27.02 points at 7,515.17 while the FTSE 250 advanced 176.34 points to 20,088.74.
John Leiper, chief investment officer at Titan Asset Management said: ““There are growing signs that inflation may have started to peak.”