FTSE 100 Live: Stocks drop; US inflation outweighs Nvidia triumph

FTSE 100 Live: Stocks drop; US inflation outweighs Nvidia triumph

Welcome back to the City AM FTSE 100 liveblog. The UK’s blue chip has taken a battering in early trading, as murky US inflation data overshadowed Nvidia’s sales triumph. While headline inflation fell back, the Fed’s preferred measure – the Personal Consumption Expenditures Price Index (PCE) – is still running hot at 3.7 per cent. Investors will be closely watching Jackson Hole as the Federal Reserve’s annual conference gets underway. Fed chair K…

FTSE 100 flat ahead of US inflation data and Nvidia results

FTSE 100 misses out on Nvidia boost

The FTSE 100 fell on Thursday, missing out on a boost from Nvidia earnings, which sparked a rally in US futures after the chip giant smashed estimates. Nvidia shares were a whopping 7% higher in the US premarket, helping lift most of the US tech sector. London’s leading index side-stepped most of the concern around […] The post FTSE 100 misses out on Nvidia boost appeared first on UK Investor Magazine.

FTSE 100 set to fall despite Nvidia earnings boost

The FTSE 100 is expected to open lower on Thursday, with futures pointing to a decline of around 40 points, or 0.4%, to 10,837.72, as investors digest firmer US inflationRead More...