FTSE Poised to Rally as Inflation Falls, Though Gains Still Lag Other Markets
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FTSE has struggled to gain momentum unlike other global indices, but signs of diminished macro concerns may allow it to push higher again.
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Inflation falling in UK created relief rally, though gains were lost. Technical signs suggest FTSE may start rising again.
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DAX is closer to all-time high than FTSE, up over 8% since October vs 3% for FTSE, but its outperformance may not continue.
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US indices are enjoying a strong phase on hopes of peak inflation and interest rates, though a near-term pullback is possible.
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Recent gains driven by declining producer prices and consumer inflation as well as retail sales, though some earnings fell short.