FTSE 100 opens up 0.5%, following modest gains on the S&P 500 and NasdaqChina inflation hits 5 month high and above expectationsRenewed supply concerns see oil prices gainFTSE 100 Opens HigherSophie Lund-Yates, equity analyst at Hargreaves Lansdown: “The FTSE 100 opened up slightly higher, rising 0.5%. This comes as wider geopolitical and macroeconomic tension, although still major, haven’t stirred up any new anxieties. The market has taken the lead from the US, where the S&P 500 and Nasdaq both produced a positive end to the day’s trading sessions. This is especially welcome news given the te…