7.00am: FTSE seen lower ahead of US CPI
FTSE 100 expected to make a weak start to the day following heavy falls in US and Asian markets and as investors look ahead to the latest US CPI numbers out later today.
Spread betting companies are calling the lead index down by around 40 points.
US markets fell sharply in late trading as the midterms pointed to political stalemate and after cryptocurrency exchange Binance backed out of the FTX takeover prompting a rout in cryptocurrencies in the process.
This jittery market backdrop prompted a sharp sell-off in US markets after Europe had closed, with the Nasdaq leading the losses, as well as the Dow and S&P 500.
By the close the Dow Jones Industrial Average was down 647 points, or 1.95%, to 32,514, the S&P 500 tumbled 80 points, or 2.1%, to 3,749, and the Nasdaq Composite slid 263 points, or 2.5%, to 10,353.
In London, results from National Grid PLC (LSE:LON:NG.) and Haleon PLC (LSE:HLN, NYSE:HLN) are amongst the companies updating on trading today.