Market update 13:57: FTSE 100 edges higher as HSBC slips; US inflation headlines weigh on S&P 500 futures

Indices

• FTSE 100: 10,663.75, up 0.13% on the previous close (as of about 13:42 UK time).
• FTSE 250: 24,397.69, up 0.24% (as of about 13:42 UK time).
• S&P 500: 7,805.45, down 0.02%. This is Tuesday's closing level, because Wall Street has not yet opened today.

Sterling is broadly flat against the dollar at $1.3208 (down 0.01%), which matters for the sterling value of US holdings.

Portfolio movers

London risers

• Shell: 3,915.00p, up 1.28%
• Unilever: 4,752.50p, up 0.89%
• Rolls-Royce: 1,355.00p, up 0.7%
• AstraZeneca: 11,962.00p, up 0.55%

London fallers

• HSBC: 1,410.80p, down 1.4%
• Barclays: 433.65p, down 0.55%
• Rio Tinto: 6,961.00p, down 0.51%
• Lloyds Banking Group: 104.02p, down 0.37%

US stocks (Tuesday's close)

• Meta Platforms: $762.50, up 2.63%
• Nvidia: $228.52, up 0.97%
• Tesla: $375.23, down 0.74%

In the news

• Headlines this afternoon report that US core inflation for September rose more than expected. The reports say this keeps an October rate rise by the Federal Reserve in play. They also say Treasury yields jumped and S&P 500 futures fell.
• Reports say Wall Street bank results drew mixed reactions. Headlines point to Bank of America shares diving on its results. BlackRock reportedly rose after beating estimates, whilst State Street fell after mixed earnings.
• The London figures above were captured at around 13:42 UK time. They may not fully reflect the reaction to the US inflation data.

London's indices are modestly higher, with energy and consumer names up and banks lower. US markets have yet to open after this afternoon's inflation headlines.

Figures are indicative and may be delayed. This is general information, not advice.