London’s blue chip index rose slightly on Wednesday with retail and property stocks in the lead.
The FTSE 100 rose slightly on Wednesday, led higher by retail and property stocks, as a gauge of US inflation favoured by the Federal Reserve showed prices rising faster.The gains followed a report that indicated US inflation sped up in October versus a year ago, supporting a more cautious approach taken by Federal Reserve policymakers.The measure showed consumer prices rose 2.3% in October from a year earlier, the US Commerce Department said.
The data seemed to help the UK index, which rose after the US markets opened, with property stocks including Vistry and LondonMetric in the lead. In New York, a little while after markets had closed in Europe, the S&P 500 had fallen 0.35%, while the Dow Jones was 0.05% higher. The delivery giant wants its shares to keep trading on the Amsterdam stock market, the city where it is based.
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