FTSE 100 Surges Amid Inflation Concerns and Market Movements

The FTSE 100 index experienced a second day of gains on Tuesday, significantly buoyed by rising shares in Segro and HSBC. Investors are keenly awaiting a domestic inflation report set for release later this week.

HSBC's stock climbed by 2% following the appointment of David Lindberg as CEO of its UK operations, propelling a 1.2% increase within the bank's index. Segro reported an uptick in third-quarter rent signings, elevating its shares by 2.8% and securing its position as the top performer in the FTSE 100.

Meanwhile, the FTSE 100 index was up 0.2% at 9,422 points at 1038 GMT. Conversely, the UK's borrowing for April to September hit a record high, imposing additional pressure on Finance Minister Rachel Reeves as she finalizes the forthcoming budget. The anticipated inflation report suggests the rate may have reached 4% in September, a figure considerably above the Bank of England's target.