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FTSE 100 futures rebound after UK inflation below forecasts

The other reaction across the UK markets this morning to the lower than forecast UK inflation data has seen the FTSE 100 futures bounce. The FTSE 100 was the best performing major European stock market index yesterday, when it again rejected a lower close, albeit by just 7 points. The index closed at 7,660, but the index futures were pricing a lower opening earlier today, to as low as 7,635. Well, that is not the case anymore folks, because the outlook for the opening has been buoyed by that inflation data. The index is now pricing a higher opening, currently at around 7,685

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