FTSE 100 up 0.5, FTSE 250 adds 0.8
U.S. CPI data due at 1230 GMT
IQE forecasts strong order book, shares up

April 10 Reuters UK stocks rose on Wednesday, underpinned by strength in stocks nearly across the board, while investors braced for the release of U.S. consumer price data for fresh insights into the Federal Reserve39;s interest ratecut trajectory.

The resourceheavy FTSE 100 index was up 0.5, as of 0820 GMT, while the more domesticallyoriented FTSE 250 index gained 0.8.

Personal goods index led sectoral gains, adding 2.8 on a 3.2 rise in Burberry, while ratesensitive real estate and homebuilders stocks climbed 1 and 1.2, respectively.

Heavyweight oil and gas stocks jumped 1 after uncertainty over the security of supplies from the Middle East pushed oil prices higher.

Market attention is predominantly fixed on the U.S. consumer price inflation data for March, due later in the day, where a robust figure could potentially push ratecut bets further back into the year and boost the dollar.

The CPI data should be taken with a pinch of salt because the Fed has been clear that they need two consecutive number of encouraging inflation data, said Julien Lafargue, chief market strategist at Barclays Private Bank.

If we were to see weakness or strength in U.S. equities, you could expect the UK market to follow a similar direction… because it will likely have an impact on the currency side.

Investors are also poised to closely monitor the European Central Bank39;s…