US inflation for October came in at 7.7% year-on-year, lower than the expected 7.9%. It’s down from the 8.2% rate recorded in September.
The Fed has unleashed a series of 0.75% rate rises in response to soaring prices, but Wall Street is looking for a more modest increase at next month’s meeting.
In London, major companies in today’s results spotlight include National Grid, WH Smith and B&M European Value Retail.
