Miners lead gains in FTSE 100
ECB decision on watch
Hipgnosis Songs Fund climbs on catalogues sale
Melrose, Unite Group fall on exdividend trading
FTSE 100 up 0.3, FTSE 250 down 0.2
Sept 14 Reuters UK39;s FTSE 100 rose on Thursday after U.S. inflation data bolstered bets that the Federal Reserve will keep interest rates steady next week, while rail ticketing company Trainline jumped after reporting higher halfyear ticket sales.
The exporterheavy FTSE 100 index edged up 0.3 as of 0819 GMT.
Data on Wednesday showed the annual rise in underlying U.S. inflation was the smallest in nearly two years, even as consumer prices increased by the most in 14 months in August.
Investor focus will shift to Europe as the European Central Bank ECB decides on Thursday whether to raise its key lending rate to a record high in what should be its final step in the fight against inflation, or take a break as the economy deteriorates.
They39;reECB going to take the easy decision today, which is to raise rates one more time and then signal that39;s everything from here on is down to the data, said Craig Erlam, senior market analyst, OANDA.
Rio Tinto and Anglo American climbed 3.0 each, after brokerage J.P.Morgan raised the price target on both the miners.
The broader industrial metal miners climbed 2.3, further boosting the benchmark index and leading sectoral gains.
Trainline shares jumped 11.2, after the firm reported higher ticket sales for the first half of financial year 2024…