Yahoo Finance FTSE 100 and European markets in the green as US inflation ticks up
A look at how the major markets are performing on Thursday
The FTSE 100 and stocks across Europe built on gains from the day before on Thursday, in spite of evident pain in the UK housing market and fresh data showing inflation is creeping up in the US.
The US Consumer Price Inflation reading for July hit analysts expectations of 0.2%, and matched the previous month's reading. Year-on-year CPI for the US hit 3.2%, up from 3% the month before.
Markets will be looking to reads on inflation such as the CPI as a guide on how the Federal Reserve might adjust interest rates in future meetings.
The S&P 500 (^GSPC) was 0.5% higher by the close in London. Meanwhile, the Dow (^DJI) and the Nasdaq (^IXIC) gained 0.6% respectively.
Meanwhile, UK housing market data from RICS released Thursday morning showed more signs of a slowdown in property in the UK, as agreed sales fell to -44% in July, down from -36% the previous month.
The pressure of high interest rates has choked both buyer demand and mortgage applications meaning that price declines reached levels last seen in 2009.
The FTSE 100 (^FTSE) was up 0.4% by the end of the day, while the DAX (^GDAXI) in Germany had risen 1% and Paris's CAC (^FCHI) moved 1.6% higher.
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Watch: UK house prices fall at fastest annual rate in 14 years
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