市场快报

European shares follow Wall Street higher as investors look past hot US inflation data

Gilts and sterling steady as markets anticipate U-turn on UK tax pledges

European shares rose on Friday after Wall Street stocks bounced back in the previous session even as US inflation data came in hotter than expected.

The regional Stoxx Europe 600 added 1.2 per cent in London morning dealings, while the FTSE 100 rose 1.4 per cent. In Asian equity markets, Hong Kong’s Hang Seng index added 1.3 per cent and Japan’s Topix rose 2.4 per cent.

Those moves followed a sharp rally for US shares overnight, with the S&P 500 finishing the day up 2.6 per cent. That advance wiped out a fall earlier in the session of more than 2 per cent, with sentiment initially hit by a higher than expected reading for September’s consumer price index reading.

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