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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

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FIVE at FIVE: Markets scrambled by hot inflation, FTSE hits new high, Pru moots sell-off, no cigar for Close, Gem sparkles

1. Hot US inflation sends the market scrambling

The big news of the day was a hotter-than-expected US inflation reading, which sparked an initial sell-off of US stocks and lifted the dollar to put pressure on the pound and other currencies.

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2. FTSE 100 makes late charge to another record high

After a bit of a wobble after the US inflation data landed, the FTSE 100 got back on the horse and cantered to a new record high, topping 8,810 at one point to close at 8,808.

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3. Prudential was top of the leaderboard after mooting India sale

Top of the blue chips was Prudential PLC, jumping on the back of news that it might spin off its Indian asset management business ICICI.

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4. Close Bros provides long-awaited motor finance update - 'meh' say analysts

The update from Close Brothers Group PLC, including a provision for motor finance commission, should not provide much solace for investors, analysts said, as much remains up in the air.

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5. Small cap spotlight: Gem Resources extremely pleased with initial results after Cobra mining restart

The miner provided an update after mining operations resumed at the open pit part of the Gravelotte emerald mine in South Africa, with early results surpassing historical benchmarks.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK