FTSE 100 closes ahead but US stocks plunge amid release of April inflation data
Britain s blue chip index closed more than 56 points higher, or 0.82% up, at 7,004 with oil giants among the top winners
FTSE 100 closes ahead
UK GDP growth beats forecasts
5.03pm: FTSE closes ahead
FTSE 100 closed convincingly in the green on Wednesday but midcap FTSE 250 fared less well, while US stocks plunged amid the release of inflation numbers.
Britain s blue chip index closed more than 56 points higher, or 0.82% up, at 7,004, with oil giants among the top winners as crude prices firmed.
FTSE 250, though, dropped 59 points, or 0.27%, at 22,107.
The US Consumer Price Index rise in April this year, at 4.2%, compared to a year earlier, was the sharpest since September, 2008. Economists had expected a jump of 3.6%.
FTSE 100 closes ahead but US stocks plunge amid release of April inflation data
Britain s blue chip index closed more than 56 points higher, or 0.82% up, at 7,004 with oil giants among the top winners
FTSE 100 closes ahead
UK GDP growth beats forecasts
5.03pm: FTSE closes ahead
FTSE 100 closed convincingly in the green on Wednesday but midcap FTSE 250 fared less well, while US stocks plunged amid the release of inflation numbers.
Britain s blue chip index closed more than 56 points higher, or 0.82% up, at 7,004, with oil giants among the top winners as crude prices firmed.
FTSE 250, though, dropped 59 points, or 0.27%, at 22,107.
The US Consumer Price Index rise in April this year, at 4.2%, compared to a year earlier, was the sharpest since September, 2008. Economists had expected a jump of 3.6%.
Maximus Resources begins gold resource estimate for remnant ore at Wattle Dam
The Wattle Dam resource evaluation forms part of Maximus’ near-term strategy aimed at building value by increasing gold resources across the greater Wattle Dam area. Annotated core photo from hole WDUD0175 with an enlargement of significant coarse gold in drill-core.
Maximus Resources Ltd (ASX:MXR) has started preparing a gold resource estimate for remnant ore at the historic Wattle Dam Gold Mine within the Wattle Dam Project near Kambalda in Western Australia.
The high-grade Wattle Dam was mined by Ramelius Resources (ASX:RMS) from 2006 to 2012, producing 262,000 ounces from ore grading 10.9 g/t gold through a shallow open pit and underground mining operation.