The FTSE 100 is over its little hiccup, when it temporarily stopped updating, and it has now pared gains a little in the wake of in-line US inflation figures.
Government figures showed the Consumer Price Index was unchanged after rising 0.7% in June, in line with market forecasts. Compared with the same period a year ago, consumer prices fell 2.1%, the largest decline since January 1950.
The data prompted US stock futures to extend losses ahead of the opening bell, while the FTSE is now up just 15 points, or 0.3%, at 4770, having climbed as high as 4790 earlier on.
British Land is the top riser after a report that a consortium including Indian steel magnate Lakshmi Mittal and the Abu Dhabi ruling family is plotting a bid.
The Daily Telegraph reported today that the consortium has approached bankers from Credit Suisse to prepare a bid for British Land that could be worth up to £10bn including debt. British Land declined to comment on the report.
The shares are up more than 6% at 523p.
Financial stocks have succumbed to some profit-taking today, with Old Mutual down 1%, Prudential down 2.4% and HSBC down 2.3%.
Next up, US industrial production for July is due at 2.15pm UK time. Economists in a Reuters survey expect a 0.3% rise in production.
At 2.55pm the Reuters/University of Michigan Surveys of Consumers preliminary August consumer sentiment index is due. Economists expect a reading of 68.5 compared with 66.0 in the final July report.
