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FTSE 100 Live: London seen higher after US markets hit new highs

Published 23/01/2024, 06:58
© Reuters.  FTSE 100 Live: London seen higher after US markets hit new highs

Proactive Investors - FTSE 100 seen higher after US markets hit new highs.

The FTSE 100 is expected to push higher on Tuesday after US stocks hit fresh highs on Monday.

Spread betting companies are calling London’s blue-chip index up by 29 points after closing up 25.78 points, 0.4%, at 7,487.7 on Monday.

In London, the early focus will be public sector borrowing figures for December, a trading update from Primark owner, AB Foods (LON:ABF), and results from housebuilder Crest Nicholson (LON:CRST).

On Wall Street, the Dow Jones Industrial Average closed above 38,000 for the first time while the S&P 500 hit fresh all-time highs during the session.

"US markets picked up where they left off on Friday with new record highs for the Dow, S&P 500 and Nasdaq 100 although we did see a loss of momentum heading into the close, as US yields rebounded off their lows of the day," said Michael Hewson.at CMC Markets.

In Asia on Tuesday, the Nikkei 225 index in Tokyo closed down 0.1%.

The Bank of Japan maintained its monetary easing measures, as speculation grows of a shift away from its ultra-loose stance.

Read more on Proactive Investors UK

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