FTSE treads water as US inflation accelerates
The FTSE 100 struggled for direction on Tuesday as inflation levels continued to accelerate in the US, with the blue chip benchmark ending the session pretty much flat at 7,124.72 points.
By 4.30pm UK time the S&P 500 index in the US was up 0.1% at 4,390.52.
The CPI print of 0.9% for June was very much stronger than expectations of a 0.5% advance, leaving the Federal Reserve’s repeated ...