Stocks in the red as inflation proves stickier than expected
Stocks in London fell back on Wednesday, despite a jump in flagship retailer Marks & Spencer, as hot inflation figures dealt a blow to hopes for a June interest rate cut.Over in the US, focus will be on the latest batch of Federal Reserve meeting minutes, as well as earnings from chipmaker Nvidia.The FTSE 100 index traded down 28.02 points, 0.3%, at 8,388.43. The FTSE 250 was down 39.56 points, 0.