The UK’s benchmark FTSE 100 index topped 7,500 for the first time ever after data showed

higher UK inflation in April, and markets in the US hit record intraday highs.

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In London the FTSE 100 closed at the highest level in its 33-year history, ending the second session in a row at a record high.

The big drivers were a weaker pound however, and strong UK inflation numbers, with higher living costs seen to favour shares over bonds.

US stocks pulled back on Tuesday after the S&P 500 and the Nasdaq Composite hit record intraday highs as a decline in healthcare stocks offset

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