Nov 20 - UK's FTSE indexes were subdued on Wednesday, as hotter-than-expected inflation data tempered expectations for quick interest rate cuts, and overshadowed optimism around software company Sage's upbeat quarterly profit.
Investors around the world were also awaiting a quarterly report from U.S.-based chip company Nvidia , late on Wednesday. "Today's data might represent a slight dent in the disinflation story. Over the coming months, we will be looking for clear signs that services inflation is going to keep falling, rather than stabilise at its still-elevated levels," said Chris Hare, senior economist at HSBC Global Research.
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