FTSE extends gains as inflation data soothes nerves

(Reuters) - Consumer prices gained 0.3 percent in May, a slower rate
than expected, which took the annual rate down to 2.5 percent
from 2.8 percent in April.




"The FTSE has liked what it's seen," said David Scott, a
senior stockbroker at Redmayne-Bentley. "It's focusing on the
short term rather than looking at the long term. It comes on the
heels of the warnings last week that the inflationary beast ...
has not yet been slain."


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