FTSE 100 Modestly Higher After Paring Early Gains

UK stocks retreated after earlier gains as oil prices pared losses, stoking inflation concerns and raising the prospect of interest-rate hikes by major central banks. The move created a risk-off tone as investors reassessed the impact of higher energy costs on inflation and monetary-policy tightening.

Analysis

UK stocks retreated after earlier gains as oil prices pared losses, stoking inflation concerns and raising the prospect of interest-rate hikes by major central banks. The move created a risk-off tone as investors reassessed the impact of higher energy costs on inflation and monetary-policy tightening.