A softer US inflation figure has boosted investor confidence after Asian markets built on last night’s strong performance on Wall Street.
The tech-focused Nasdaq jumped almost 3% after the annual inflation rate dipped by more than expected to 8.5%, lifting hopes that the Federal Reserve may be able to slow the pace of interest rate rises.
In London’s session, half-year results from Entain showed the Ladbrokes, Gala Bingo and BetMGM business continued to trade in line with expectations after underlying earnings rose 17% to £471 million.
