BETS on the FTSE 100 index hitting the 8,000 barrier will face a major test this week as traders await evidence the fight against inflation is being won.
London's top flight is already up 6% this year and comfortably outperforming Wall Street thanks to a rally by heavyweight oil, financial and defensive-leaning stocks. However, the chances of the FTSE 100 adding to recent records and pushing above 8000 for the first time are likely to hinge on this week's flurry of economic figures.
The most significant update comes tomorrow when the US inflation rate for January is forecast to show a drop to 6.2% from 6.5% the previous month
This story is from the February 13, 2023 edition of Evening Standard.
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This story is from the February 13, 2023 edition of Evening Standard.
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