London stocks had extended gains by midday on Friday as Chinese markets enjoyed their best week since 2008 on the back of stimulus measures, and as investors eyed the release of the Federal Reserve’s favourite gauge of inflation.

London stocks closed higher on Friday as investors digested a slowdown in the Federal Reserve’s preferred inflation measure.

FTSE 250 (MCX) 21,145.04 0.64%

London stocks nudged up in early trade on Friday following solid gains on Wall Street and with Chinese markets on track for their best week since 2008, as investors eyed the release of the Federal Reserve’s favourite gauge of inflation.

Here is what you need to know on Friday, September 27: Risk-on sentiment seen in global markets on Thursday extends into Friday, as a raft of Chinese stimulus measures continue to lift investors’ confidence.

London markets ended Thursday on a positive note, as investors reacted to a four-month low for US jobless claims, and renewed support measures from China.