FTSE 100 inches higher on Fed pause bets; ECB decision on watch

Published by
Reuters UK

(Reuters) – UK’s FTSE 100 opened higher on Thursday after U.S. inflation data bolstered bets that the Federal Reserve will keep interest rates steady next week, while Melrose and Unite Group fell in ex-dividend trading. The exporter-heavy FTSE 100 index edged up 0.3% in early trade, while the domestically focussed FTSE 250 index was flat. Data on Wednesday showed the annual rise in underlying U.S. inflation was the smallest in nearly two years, even as consumer prices increased by the most in 14 months in August. The European Central Bank (ECB) is set to decide on Thursday whether to raise its…

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