The FTSE 100 posted strong gains on Thursday as soft US jobs data, despite accelerating inflation, kept the Federal Reserve on track to lower interest rates next week.
“Inflation was a touch higher than expected and tariffs are likely to keep it elevated over coming months, but the weakening of the jobs market is now the Fed’s priority, with rising jobless claims hinting at a pick-up in lay-offs at a time when hiring is subdued,” said James Knightley at ING.
