FTSE 100 hits 3-week high, unfazed by latest inflation surge | Headlines
UK''s top share index hit a three-week high on Wednesday, lifted by oil and mining stocks, even as a surge in inflation to fresh 40-year highs cemented bets for a bigger-than-usual rate hike by the Bank of England next month. The blue-chip FTSE 100 climbed 0.5% to its highest since June 29, with commodity-linked stocks such as Shell , BP, and Rio Tinto providing the biggest boost.
FTSE 100 hits 3-week high, unfazed by latest inflation surge | Headlines
UK''s top share index hit a three-week high on Wednesday, lifted by oil and mining stocks, even as a surge in inflation to fresh 40-year highs cemented bets for a bigger-than-usual rate hike by the Bank of England next month. The blue-chip FTSE 100 climbed 0.5% to its highest since June 29, with commodity-linked stocks such as Shell , BP, and Rio Tinto providing the biggest boost.