Wall Street

London’s FTSE 100 muted ahead of US inflation figures

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City AM

By Jack Barnett City traders held off from any sudden moves this morning ahead of what could be another scorching US inflation print. London’s premier FTSE 100 index edged 0.03 per cent lower to 7,485.53 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.28 per cent to 19,967.28 points. Investors are seemingly exercising caution before new US inflation figures are published stateside this afternoon. Wall Street thinks the rate of price rises cooled to 8.7 per cent last month from a 40-year high of 9.1 per cent. Core…

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