FTSE swings higher on hopes of cooling inflation
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 London’s markets recovered ground amid growing hopes across the continent that central banks will pause recent interest rate hikes. Michael Hewson, chief market analyst at CMC Markets UK, said: “European markets have been in a much more ebullient mood today despite further economic data from China that points to a weakening economy, after headline CPI fell into deflationary territory for the first time since early 2020. “We’ve In the US, stocks opened higher as they took positive cues from Europe but soon drifted lower amid caution ahead of key US inflation figures later this week.