UK stocks slightly lower today after China inflation data

UK and European stocks are higher this morning following strength in Asia and US futures.

UK stocks slightly lower today after China inflation data

UK Stocks are trading down a little this morning. Markets in Asia were generally lower following the release of Chinese inflation data which was higher than expected with producer prices increasing faster than any time in the last four years.

Wall Street was higher on Thursday after Fed Chair Jerome Powell said the US was “on track to allow a full reopening of the economy fairly soon.” US Investors will also be closely monitoring developments over President Biden’s new $2.25 trillion infrastructure plan which is likely to receive significant Republican opposition.

The pound has fallen this week most likely due to profit taking after a strong run this year.

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