Proactive Investors - FTSE expected to start on the back foot.
The FTSE 100 is expected to open lower as investors await inflation figures in the US on Thursday for further clues as to the pace of interest rate cuts this year.
Spread betting companies are calling London’s blue-chip index down by around 21 points after closing down 10.23 points at 7,683.96 on Tuesday.
"Since the end of last year and the strong gains leading up to the end of last month markets have exhibited none of the same enthusiasm to carry the momentum higher, with trading activity subdued and a relatively negative bias so far year to date," said CMC Markets' UK chief market analyst Michael Hewson.
"It's hard to assign a singular reason for the lack of enthusiasm so far month to date apart from a great deal of uncertainty around the prospects for the global economy and the timeline for central bank rate cuts."
On Wall Street, markets closed mixed with modest gains for the Nasdaq and losses for the Dow and S&P.
Updates from Sainsbury’s (LON:SBRY), Persimmon (LON:PSN), Greggs (LON:GRG) and Hunting (LON:HTG) will provide the early focus in London.