British equities open higher with US inflation data in focus
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London stocks opened higher, with the FTSE 100 index up 0.6% and the FTSE 250 index up 0.5%. Oil and gas company shares rose 1% due to uncertainty over Middle East supplies. Investors are focused on the release of US consumer price data for insights into the Federal Reserve's interest rate-cut trajectory. UK investors are also monitoring the European Central Bank's monetary policy meeting and Britain's GDP figures. Shares of (LON:) climbed 1% as the country's biggest retailer forecasted increased profit in the new financial year.