UK's FTSE 100 muted as investors assess data heavy week; Vodafone jumps [Reuters]
SWISSCOM AG S/ADR (SCMWY)
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Source: Reuters
weighing on hopes of interest rate cuts, while Vodafone shares jumped on selling its Italian arm. The exporter-heavy FTSE 100 (.FTSE) , opens new tab held its ground at 7,741.65 points by 0824 GMT, and the domestically oriented FTSE 250 (.FTMC) , opens new tab edged up 0.1%. Markets tracked dour sentiment from Wall Street and Asian equities, as hotter-than-expected consumer and producer inflation readings dampened investor hopes of an early interest rate cut from the Federal Reserve, potentially setting the tone for other central banks. Medical equipment and services (.FTNMX201020) , opens new tab , beverages (.FTNMX451010) , opens new tab and personal care (.FTNMX452010) , opens new tab stocks led declines, down between 0.7% and 1%. Investors will now watch the Bank of England's interest rate decision next week, where it is widely expected to stand pat, but unlikely to provide clear indications about when its first rate cut might come. Among individual stocks, Vodafone UK (
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