By Pranav Kashyap and Sruthi Shankar
(Reuters) -Britain’s main share indexes were broadly unchanged on Thursday ahead of U.S. economic data that could offer cues on the path of interest rates, while lender OSB tanked after a profit margin warning.
The exporter-heavy FTSE 100 hovered near nine-month highs hit on Wednesday, while the domestically oriented FTSE 250 edged up 0.1%.
Most global markets were in a wait-and-watch mode ahead of U.S. producer price data that could dictate expectations on when the Federal Reserve will start easing monetary policy.
“The market is going to struggle to gain direction until this (U.S. data) is out because it is quite important as far as inflation goes and what the Fed could do as a result,” said Lilian Chovin, head of asset allocation at British private bank Coutts.
“But, overall, we don’t think the largest risk for equities is about inflation, but recessionary data and we don’t see any signs of that at…
