FTSE 100 Live 10 April: Index closes up but US inflation dashes record hope [Video]

Here’s what’s on the cards tomorrow, with little in the City, but a closely watched ECB rates meeting on the continent.

115pm – ECB rate decision

Opec monthly oil market report

The FTSE 100 closed modestly up at 7,961.21 today, after higher-than-expected US inflation figures poured cold water on the morning’s exuberance.

At one stage, London’s top flight was within a single point of the 8000 mark, and within 15 of a record close. But the March US CPI reading sent London shares tumbling.

It briefly fell into negative territory before a small rally late on.

Kathleen Brooks, research director at XTB, says: “The immediate aftermath of the CPI report has been a bloodbath. The Dow is down by 440 points and the S&P 500 is lower by more than 1%. The 10-year Treasury yield, which had fallen by 10 basis points this week, …