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UK & European markets moved higher on U.S.
inflation data.
The dollar fell after U.S. consumer prices rose less
than expected in April, indicating inflation has resumed a downward trend in
the second quarter in a report that raised hopes the Federal Reserve may cut
interest rates in September.
Oil prices rose on expectations for higher demand as
the U.S. dollar weakened and a report showed U.S. crude and gasoline
inventories fell, while the release of inflation data may point to a more
supportive economic outlook.
Gold prices climbed to a more than three-week peak,
aided by a weaker dollar and yields after data showed the U.S. consumer price
index rose less than expected in April, boosting chances of interest rate cuts
by the Federal Reserve.
Shares in credit-checking and data giant Experian surged
after the company delivered annual results at the top end of expectations and
guided to an acceleration in top-line growth for the coming year.
Group revenues from ongoing activities in the year to 31
March totalled $7.06bn, up 8% year-on-year and up 6% on an organic basis.
Analysts at Jefferies said they expected organic growth to be closer to 5%.
Experian said all four of its key regions contributed
positively to organic growth, rising by 5% in North America, 13% in Latin
America, 2% in the UK and Ireland and 7% in EMEA and Asia Pacific.
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