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UK stocks muted ahead of ECB meeting, U.S. inflation data
  + stars: | 2021-06-10 | by ( Sagarika Jaisinghani | ) + 0.00   time to read: +2 min
REUTERS/Peter Nicholls/File photoLondon-listed stocks were subdued in early trading on Thursday as investors turned to a European Central Bank policy meeting and U.S. inflation data for cues on whether global central banks could start tapering monetary policy sooner than expected. The export-heavy FTSE 100 (.FTSE) rose 0.2%, tracking small gains in Asian stocks, while the mid-cap FTSE 250 (.FTMC) was down 0.3%. read morePersonal goods (.FTNMX402040) and insurance (.FTNMX303020) stocks were also among the biggest gainers by 0740 GMT. "There's a sense of every man for himself ahead of the U.S. inflation data this evening, a data point that has left markets in limbo," said Jeffrey Halley, a market analyst at OANDA. The ECB is expected to keep its policy guidance unchanged and publish updated euro area macroeconomic projections at its policy meeting later in the day.
Persons: Peter Nicholls, Jeffrey Halley, Patrick Drahi's Organizations: London Stock Exchange, REUTERS, European Central Bank, Pharmaceutical, AstraZeneca, ECB, CMC, BT, Thomson Locations: London, Britain, Scotland
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