FTSE dips into red amid trading caution before UK inflation data
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 inched lower as London traders cautiously await Wednesday’s inflation figures. Danni Hewson, financial analyst at AJ Bell said: “Wall Street hasn’t really been able to make up its mind today about how it feels about the last inflation data. “Certainly in London markets have been pretty subdued, no doubt treading water until investors get sight of the UK’s own inflation figures tomorrow morning. “An early boost from the Bank of England’s go-ahead to banks that they can follow their US counterparts and start to dole out dividend payments again faded quickly.” In the US, it was a mixed bag with the Dow Jones nudging lower and the Nasdaq making gains, as a surge in used car sales proved the biggest contributor to rising inflation.