🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

FTSE 100 expected to open lower

Published 03/10/2022, 07:01
Updated 03/10/2022, 07:10
© Reuters.  FTSE 100 expected to open lower
UK100
-
DJI
-
CSGN
-
IXIC
-
FTSE
-

FTSE 100 is expected to open lower on Monday following heavy losses in the US on Friday and with ongoing nervousness about the state of the UK finances.

Concerns over the solvency of Credit Suisse (SIX:CSGN) will also be in focus with management moving to reassure staff and investors over the weekend that the bank has a strong capital and liquidity position.

Spread betting companies are calling the lead index down by around 50 points.

The Dow closed Friday down 500 points, 1.7%, at 28,726, the Nasdaq Composite lost 162 points, 1.5%, to 10,576 and the S&P 500 dropped 55 points, 1.5%, to 3,586.

The session dropped the S&P 500 to its lowest close of 2022, and the Nasdaq clinched its worst month since April.

In the UK today, there is speculation that the UK government is going to scrap plans to cut the highest rate of tax, while manufacturing PMI figures are also due.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.