FTSE 100 Rises 0.1% as Energy Gains Offset Inflation Pressure
Britain’s blue-chip FTSE 100 rose 0.1% to 10,752, supported by gains in oil majors and financial stocks. Hotter-than-expected inflation reinforced expectations of a Bank of England rate hike, limiting the index’s upside.
Britain’s FTSE 100 edged up on Wednesday as oil majors and financial stocks advanced. Hotter-than-expected inflation strengthened expectations of a Bank of England interest rate hike, however, curbing the index’s gains. The blue-chip FTSE 100 index, CURRENCYCOM:UK100, added 0.1% to 10752.