Soft US Inflation Helps FTSE Shake Off Oil Surge
Softer-than-expected U.S. inflation data reduced Fed rate hike bets, with the FTSE 100 closing up 0.3% despite higher oil prices from Middle East tensions.
- The FTSE 100 closed up 0.3% at 10,529.39 on Tuesday, July 14, 2026, as softer-than-expected US inflation data reversed London's blue-chip index fortunes.
- According to the US Bureau of Labour Statistics, the Consumer Price Index fell 0.4% in June, the steepest decline since April 2020, with annual inflation slowing to 3.5%.
- Fed Chair Kevin Warsh expressed no tolerance for price pressures, tempering rate-cut hopes as traders reduced bets on a July Federal Reserve rate hike.
- Energy shares rallied as Brent crude rose above $85 per barrel, while retail and media sectors lagged and IBM plunged 26% after warning of an unexpected "performance shortfall."
- With tensions mounting between the United States and Iran, analysts warn that sustained hostilities could keep headline inflation elevated and complicate the economic outlook.
14 Articles
14 Articles
Global Market Today: Asian stocks rise after soft US CPI, Kospi rallies
Asian shares advanced as softer US inflation data eased rate hike concerns. The artificial intelligence trade gained renewed strength, boosting technology stocks significantly. Oil prices rose for a third consecutive day due to escalating Middle East tensions. Investors are closely watching the semiconductor sector after a volatile trading session. Fed officials reiterated their commitment to controlling inflation despite recent positive data.
White House Cheers Inflation Data While Iran War Sparks New Price Surge
WASHINGTON — When rising gas prices began to cut into Americans’ paychecks, President Donald Trump’s top economic adviser sought to offer a note of reassurance — both for struggling families and for his increasingly nervous political party.
European stock markets erased the sharp losses recorded at the start of Tuesday's session (14) and ended the day close to stability. Part of the recovery movement in European stock exchanges came after data from the United States showed lower-than-expected inflation in June, which eased fears about monetary tightening in the short term. In addition, oil prices moved away from their session highs, which also helped to ease some risk premiums in t…
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