Proactive Investors - Good morning and the FTSE 100 is expected to open lower after heavy falls in the US as bond yields hit 16 year highs.
Spread betting firms are calling London’s lead index down by around 15 points after closing down 40.56 points at 7,470.16 on Tuesday.
Stocks slumped as bond yields hit fresh highs, after robust jobs data added weight to the case for the Federal Reserve to keep interest rates elevated.
The Dow Jones Industrial Average closed down 1.3%, the S&P 500 fell 1.4% and the Nasdaq Composite declined 1.9%.
Yield on the 30-year US Treasury rose 0.05 percentage points to 4.97%, building on a 16-year high touched on Tuesday, while the yield on the benchmark 10-year US Treasury rose 0.04 percentage points to 4.84%.
"The sharp rise in long term rates relative to short term rates suggests investors think that US interest rates are likely to remain higher for longer due to the continued resilience of the US economy," said Michael Hewson at CMC Markets.
"If this trend of rising long-term rates continues, then stock markets could well be in for even more volatility in the days and weeks ahead," he warned.
Adding to the uncertainty Kevin McCarthy was axed from his role as speaker of the US House of Representatives in a ruthless overthrow by far-right Republican lawmakers furious over his cooperation with Democrats.
For the first time in its 234-year history, the House backed a resolution "to vacate the office of the speaker" with a 216-210 vote setting the stage for an unprecedented contest to replace McCarthy a year before the presidential election.
The downbeat mood spread to Asia where the Nikkei 225 fell 2.1%.
Back in London, and the early focus will be results from the UK’s largest retailer Tesco (LON:TSCO) and specialist retailer, Topps Tiles.