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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: ‘Inflation slowdown could be short-lived’; FTSE fades to close at 7600 amid slower US growth

The FTSE 100 opened higher this morning, but gains vanished this afternoon after a closely watched gauge suggested US service-sector growth for May was much slower than expected, leading the index to finsih close to where it started, at 7600.

Oil prices are higher after Saudi Arabia pledged to cut production in July.

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