富时100指数周三小幅上涨，结束了周二下跌0.9%后连续三天的下跌。Marks&Spencer领涨，涨幅超过4%，数据显示，截至9月6日的12周内，食品销售额增长8.5%，超出预期，其秋季时尚系列也受到好评。森特理克公司股价上涨超过3.5%，此前摩根士丹利将其股票评级上调至增持，并将其列为英国公用事业公司的首选，这要归功于Sizewell C和Grain液化天然气终端等项目的资本部署。Barratt Redrow上涨2.5%，调整后的利润超过预期，尽管该房屋建筑商指出了与预算相关的不确定性。不利的一面是，阿斯利康的哮喘药物法森拉在第二次慢性阻塞性肺病试验中失败后下跌了0.7%。在宏观方面，英国8月份CPI保持在3.8%的同比水平，与7月份的18个月高点和预测相符。随着就业数据的稳定，这使得英国央行的利率预期几乎没有变化，到年底只有8个基点的降息。投资者现在等待美联储今天晚些时候预期的25个基点的降息。

The FTSE 100 inched higher on Wednesday, snapping a three-day losing streak after Tuesday’s 0.9% fall. Marks & Spencer led gains, jumping over 4% as data showed food sales up 8.5% in the 12 weeks to September 6, ahead of expectations, with its autumn fashion range also well received. Centrica rose more than 3.5% after Morgan Stanley upgraded the stock to overweight, naming it its top UK utility pick thanks to capital deployment in projects like Sizewell C and the Grain LNG terminal. Barratt Redrow gained 2.5% as adjusted profits topped forecasts, though the housebuilder flagged budget-related uncertainties. On the downside, AstraZeneca slipped 0.7% after its asthma drug Fasenra failed a second COPD trial. On the macro front, UK CPI held at 3.8% y/y in August, matching July’s 18-month high and forecasts. Along with steady jobs data, this left BoE rate expectations little changed, with just 8 bps of cuts priced by year-end. Investors now await the Fed’s expected 25 bp cut later today.

英国通胀率保持在3.8%不变，英镑大幅下跌。今天的通胀报告严肃地提醒人们，英国的通胀仍然根深蒂固。8月份CPI保持不变，同比增长3.8%，与普遍预期相符，为2024年1月以来的最高水平。

UK Inflation Unchanged at 3.8%, Pound Shrugs.Today's inflation report was a dour reminder that UK inflation remains entrenched. CPI for August was unchanged at 3.8% y/y, matching the consensus and its highest level since January 2024.

英国房价在截至7月的12个月内上涨2.8%。英国国家统计局周三表示，英国7月份的平均房价比去年同期上涨2.8%，低于截至6月份的3.6%的涨幅。

UK house prices rise 2.8% in 12 months to July.Average house prices in the United Kingdom in July were 2.8% higher than a year earlier, down from a 3.6% rise in the year to June, the Office for National Statistics said on Wednesday.

富时100指数周三小幅上涨，在周二下跌0.9%后，结束了三天的连跌。森特理克领涨，上涨超过3%，此前摩根士丹利两年来首次将该股上调至增持，理由是其资本部署到Sizewell C和Grain液化天然气终端等项目。该行将森特理克列为英国公用事业公司的首选，并指出在近期金边债券市场波动的情况下，对收益率的敏感性较低。抵消这一影响的是，阿斯利康的哮喘药物法森拉在第二次晚期慢性阻塞性肺病试验中失败后下跌了0.7%，引发了人们对其呼吸系统的担忧。在数据方面，8月份英国通胀率保持在3.8%，与7月份的18个月高点和预测相符。这些数据，再加上本周的就业报告，使英国央行的政策预期保持稳定，市场预计到年底仅降息8个基点。当天晚些时候，人们普遍预计美联储将宣布降息25个基点。

The FTSE 100 edged slightly higher on Wednesday, pausing its three-day losing streak after Tuesday’s 0.9% drop. Centrica led gains, rising over 3% after Morgan Stanley upgraded the stock to overweight for the first time in two years, citing its capital deployment into projects like Sizewell C and the Grain LNG terminal. The bank named Centrica its top UK utility pick, noting low sensitivity to yields amid recent gilt market volatility. Offsetting this, AstraZeneca slipped 0.7% after its asthma drug Fasenra failed a second late-stage COPD trial, raising concerns over its respiratory pipeline. On the data front, UK inflation held at 3.8% y/y in August, matching July’s 18-month high and forecasts. The figures, alongside this week’s jobs report, left BoE policy expectations steady, with markets pricing just 8 bps of cuts by year-end. Later in the day, the US Federal Reserve is widely expected to announce a 25 bp rate cut.