DAILY TRADING STRATEGY

Wednesday, Oct 18

UK OVERVIEW
U.K. stocks finished lower on Tuesday after investors received inflation data that could harden the case for the Bank of England to raise British borrowing costs. The FTSE 100 index UKX, -0.14% fell 0.1% to close at 7,516.17, after darting between small gains and losses through the day. Among big movers Tuesday, shares of Merlin Entertainments PLC tumbled 16%. The theme-park operator reported that its year-to-date comparable-revenue growth was flat, saying its London sites were hurt by bad weather and the effect of terrorist attacks. The key focus for U.K. assets Tuesday was the reading on consumer price inflation for September, which at 3% is the strongest level since March 2012 and above the Bank of England’s 2% inflation target. The report may contribute to the Bank of England deciding to raise its key interest rate, 
which stands at a record low 0.25%. 

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