UPDATE 3-FTSE 100 dragged down by Unilever, positive earnings push mid-caps

update 3 ftse 100 dragged down by unilever positive earnings push mid caps

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.

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