RIO News: FTSE 100 muted as global stocks rally after US inflation steadies - 11th Aug 2022, 5:59pm

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The FTSE 100 was muted as cooling US inflation buoys markets. Photo: Richard Baker/In Pictures via Getty

European shares opened mixed on Thursday after new figures showed inflation steadying in the world’s largest economy.

In London, the FTSE 100 (^FTSE) was flat after the opening bell, the CAC (^FCHI) climbed 0.5% in Paris and in Frankfurt the DAX (^GDAXI) rose 0.3.

Consumer prices in the US increased 8.5% in the 12 months to July, a slower rise than in the month before and below econom...

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