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FTSE 100 Live: Stocks seen little changed ahead of GDP, US rate call

Published 13/12/2023, 07:01
© Reuters.  FTSE 100 Live: Stocks seen little changed ahead of GDP, US rate call
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Proactive Investors - FTSE 100 to edge higher ahead of GDP, US rate call.

The FTSE 100 is expected to edged higher at the open ahead of a trio of interest rate decisions over the next two days, as well as the UK GDP reading this morning.

Spread betting companies are calling London’s lead index up by around 5 points after closing down 2.12 points at 7,542.77 on Tuesday.

In the US on Tuesday, markets climbed, with both the Dow Jones Industrial Average and the S&P 500 up 0.5% and the Nasdaq Composite up 0.7%.

Investors will be eyeing the interest rate decision from the US Federal Reserve after the London close and comments from the Fed Chair Jerome Powell regarding the future path of interest rates.

The US central bank is widely expected to leave interest rates unchanged, as are the Bank of England and the European Central Bank tomorrow.

Back in London, and the early focus will be GDP reading.

Read more on Proactive Investors UK

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