Markets

Iseq and FTSE push higher amid US inflation shock

Prices paid to US producers rose in January by more than forecast highlighting the sticky nature of inflation.

Data from the US showed the prices paid to producers rose in January by more than forecast, fuelled by a sizeable jump in costs of services. Picture: Getty

Markets ended the week on a high with the Iseq and FTSE rising on Friday while the S&P traded sideways as the latest inflation data from the US came in higher than expected.

The Iseq was up 0.1 per cent to 9,329.34, while the FTSE rose 1.5 per cent and the S&P 500 was unmoved at 5,030.

Data from the US showed the prices paid to producers rose in January by more than forecast, fuelled ...