FTSE futures fall behind after inflation figures
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FTSE FUTURES FALL BEHIND AFTER INFLATION RISES
European futures are flashing green as traders gear up for a positive open, though FTSE futures are falling behind, down 0.05% after the latest inflation figures showed British inflation rose to an annual rate of 2.3% in October from 1.7% in September.
The overall picture though is chipper with EuroSTOXX50 STXEc1 futures up 0.7%, and DAX futures FDXc1 0.5% higher.
In corporate news, STMicroelectronics STMPA.PA (ST) has stood by the 2030 financial targets laid out in 2022.
HSBC HSBA.L is relaunching its 'Premier' wealth banking brand in Britain, targeting so-called mass affluent customers who have between 100,000 and 2 million pounds ($2.5 million) to invest.
Zara owner Inditex ITX.MC has sharply increased its use of air freight to bring clothes from factories in India to its logistics hub in Spain to avoid shipping delays, according to trade data, industry experts, and investors.
In Britain, Ithaca, British Land and Santander UK are among those reporting results.
(Lucy Raitano)
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