UK mid-cap stocks outperform after soft U.S. inflation data

Published by
Reuters UK

By Sruthi Shankar and Aniruddha Ghosh (Reuters) -Britain's main equity indexes closed higher on Wednesday, with the mid-cap index outpacing the blue-chip FTSE 100 as investors cheered signs of moderating inflationary pressures in the United States. The FTSE 100 edged up 0.3% to close at a fresh two-month high, but strength in sterling and weakness in healthcare stocks weighed on the internationally oriented index. The midcap FTSE 250 index rallied 1.9% along with Wall Street after data showing a slower-than-expected rise in U.S. consumer prices prompted traders to cut their bets on aggressive ...

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