FTSE 100 Falls on Caution Before Key US, China Inflation Data0937 GMT - The FTSE 100 falls 0.6% to 7516.96 points as investors stay cautious ahead of the release of key inflation data from the U.S. and China this week. "The [macro-economic environment] clearly remains tough, but even on our sub-consensus numbers, we continue to see value in the shares," RBC analysts say in a note. Management's expectations for the year remain unchanged but the outlook statement notes a softening rate environment and foreign-exchange headwinds, the analysts say. "With the business well-positioned to benefit from the long-term green transition in shipping, alongside the potentially significant long-term benefit from the Sea platform as it matures, we remain positive," the analysts say. (anthony.orunagoriainoff@dowjones.com)Contact: London NewsPlus, Dow Jones Newswires;(END) Dow Jones NewswiresAugust 07, 2023 06:28 ET (10:28 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal August 07, 2023 16:31 UTC