And the London market got another boost today after British annual consumer price inflation (CPI) also came in lower than expected, at 4.6% in October from 6.7% in September. The consensus was for a 4.8% reading. The increase in consumer prices was the smallest since October 2021. Annual core inflation fell to 5.7% from 6.1%. The FTSE 1000 was up 0.8% at 9.30am.

Among stocks, component company Essentra has extended its GBP 60 million share buyback program until the end of 2024. Shares were up 2% after the announcement.

Genuit Group shares soared 10% after the group said it expects its full-year adjusted operating profit to be above market expectations.

Reckitt Benckiser announced that Chair Chris Sinclair will retire at the 2024 annual general meeting, with Jeremy Darroch set to succeed him.

Experian reported an increase in half-yearly profit, thanks to strong demand in North America and Europe and product launches in Latin America. Shares jumped 5.1%.

Things to read today:

Investors snap up bonds and stocks in bet interest rates have peaked (Financial Times)

Rishi Sunak's Cameron Gamble Is an Act of Desperation (Bloomberg)

Hedge Fund Billionaires Are Sounding Alarms About Inflation (Barron's)