Stock market rally muted after Fed official says ‘far away from inflation victory’ – business live

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Live, rolling coverage of business, economics and financial markets as investors welcome surprise fall in US inflation but officials warn of further rate hikes

The FTSE 100 leaders this morning are Ladbrokes owner Entain and Coca-Cola Hellenic Bottling Company, both of which have given their shareholders positives amid a tricky macro environment.

Coca-Cola HBC, one of the biggest owners of a bottling franchise for US-based Coca-Cola, gained 3.6% after it forecast operating profits in 2022 similar to 2021 – even after reporting a €190m (£160m) hit from its Russian business, after it stopped selling Coke products following the invasion of Ukraine.

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 ALL Credit of this post going to https://www.theguardian.com

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