Midcap index hits 5week low
Eyes on Jackson Hole summit
Lookers up as its resumes dividend
FTSE 100 down 0.4, FTSE 250 off 0.5

Aug 24 Reuters UK39;s FTSE 100 tumbled to near threeweek lows on Wednesday after economic data highlighted growing risks of a recession, while investors braced for hawkish views from central bank policymakers as inflationary pressures remain elevated.

The bluechip FTSE 100 slipped 0.4, inching down for a third consecutive session. The midcap FTSE 250 index fell 0.5 to touch fiveweek lows.

Business surveys released on Tuesday signalled the global economy is increasingly at risk of sliding into recession. In Britain, a fall in factory output slowed private sector activity in August

Focus is on the Kansas City Federal Reserve39;s annual summit in Jackson Hole, Wyoming, later this week with the U.S. central bank looking like it might avoid tipping the U.S. economy into recession, but the outlook for Europe is far more worrying.

What39;s stressing investors is the Jackson Hole summit and the comments from Powell that could have an impact on the rates and the equity market given the PMI data confirmed Europe39;s economy is not in great shape, said Roland Kaloyan, European equity strategist at Societe Generale.

Meanwhile, investors are betting on another 50basispoint rate hike from the Bank of England next month as inflation continues to surge. A Citi economist warned earlier this week that consumer inflation could hit 18.6 in January, more…