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FTSE 100 likely to take a lead this morning

Following on from the previous update, noting the gains in the DAX futures this morning, following the higher close yesterday, the FTSE 100 futures are leading the way this morning. This has come following the release of the lower than expected UK CPI and RPI inflation reports and it is good news for the FTSE 100. As just noted, the FTSE 100 was the clear underperforming major European index yesterday, but it is talking a lead now. The index closed at 7,440, with a gain of just 14 points. However, the futures are pushing higher now and it could soon effectively reopen above 7,500. We shall see on that, but this latest UK inflation data has now caused the markets to bring forward the timing of the first UK interest rate cut next year and that is music to the ears of the FTSE 100 right now 
 

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