FTSE 100 Slides As Pound Gains After Inflation Data

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks traded lower on Wednesday as investors weighed the latest inflation data. The U.K. headline consumer inflation gained 2.2 percent from a year

BRUSSELS/FRANKFURT/PARIS - U.K. stocks traded lower on Wednesday as investors weighed the latest inflation data. The U.K. headline consumer inflation gained 2.2 percent from a year ago in August, the same rate as seen in July, the Office for National Statistics reported.

Factory gate prices were up 0.2 percent in August, marking the slowest rate in seven months, while Input prices decreased 1.2 percent year-on-year in the month, reversing a 0.2 percent gain in July, separate set of data revealed. In corporate news, Reckitt Benckiser rose about 1 percent. Media reports suggest that the consumer goods giant has started early discussions with potential suitors for a sale of its homecare assets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FN_Nachrichten /  🏆 88. in DE

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTSE 100 aktuell: Anleger lassen FTSE 100 nachmittags steigenKaum bewegt zeigt sich der FTSE 100 am Donnerstagnachmittag.
Read more »

FTSE 100-Handel aktuell: FTSE 100 sackt letztendlich abDer FTSE 100 beendete den Freitagshandel stabil.
Read more »

FTSE 100 aktuell: So bewegt sich der FTSE 100 aktuellSo bewegt sich der FTSE 100 heute.
Read more »

FTSE 100-Handel aktuell: FTSE 100 fällt zum HandelsstartDer FTSE 100 fällt nach den Gewinnen vom Vortag am Freitag in die Verlustzone.
Read more »

FTSE 100 Dips As Pound Gains After Labor Market DataBRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks drifted lower on Tuesday while sterling edged up versus the euro and dollar as new data supported the view that the British economy was on a solid
Read more »

FTSE 100 Subdued As Pound Rises On Bets Of Aggressive Fed Rate CutBRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks were marginally lower on Monday as a rising British pound weighed on export-oriented companies.Investors also shifted focus to a slew of key central
Read more »