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FTSE 100 Live: Stocks against the ropes as inflation comes in hot

Published 17/04/2024, 07:08
© Reuters.  FTSE 100 Live: Stocks against the ropes as inflation comes in hot
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Proactive Investors - The FTSE 100 could fall even further when markets open today after taking a major battering on Tuesday.

Blue chips plummeted 145 points to finish the day 1.8% lower at 7,820. It was one of the sharpest falls in a year.

As well as concerns about the Middle East, investors are also becoming more worried about the rising Treasury yields, as the odds of a US summer rate cut diminish.

There was mixed news on the macroeconomic calendar this morning, with the March inflation print coming in hotter than expected. Though at 3.2% year on year, it was still the lowest level since August 2021.

A swathe of producer and retail prices will soon be announced.

On the company news front, large-cap betting firm Entain (LON:ENT) will soon have a trading update out, while ASOS (LON:ASOS) will provide an interim earnings report.

Futures contracts have the FTSE 100 index opening eight points lower at 7,807.

Read more on Proactive Investors UK

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