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%.
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The main indices on Wall Street opened on the front foot on Wednesday after the latest ADP jobs report showed a surge in private sector hiring in April, although less than analysts had expected.