Sumary of UPDATE 3-FTSE 100 dragged down by Unilever, positive earnings push mid-caps:
- read more “Markets appear to be caught in a pincer movement between concerns over rising inflation, and slowing growth .
- However, commentary from Bank of England’s deputy governor Ben Broadbent helped calm some of the inflation fears after he said the current spike in prices is unlikely to create longer-term inflation pressures.
- FTMC) rose for the third straight session to end 0.6% higher, helped by upbeat quarterly results from Howden Joinery Group (HWDN.
- The blue-chip FTSE 100 index has gained 7.9% so far this year, helped by government stimulus and re-opening optimism, but is nearly 11% away from its all-time high.