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FTSE 100 Live: Stocks seen lower consolidating recent gains

Published 16/11/2023, 07:00
© Reuters.  FTSE 100 Live: Stocks seen lower consolidating recent gains
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Proactive Investors - The FTSE 100 is expected to open lower as the euphoria sparked by weak inflation data in the US and the UK wears off.

Spread betting companies are calling London’s lead index down by around 21 points after closing up 46.44 points, 0.6%, at 7,486.91 on Wednesday.

In the US, markets closed in the green, but off early highs.

Ipek Ozkardeskaya at Swissquote Bank said: “The sweet mix of the recent economic data backs the idea that the Federal Reserve (Fed) could achieve what they call a ‘soft landing’ following an aggressive monetary policy tightening – and more importantly stop hiking the interest rates.”

The Dow Jones Industrial Average rose 0.5%, the S&P 500 rose 0.2% and the Nasdaq Composite rose 0.1%.

Back in London, and the early focus will be updates from insurer Aviva (LON:AV), luxury goods retailer Burberry (LON:BRBY) and aerospace company Melrose (LON:MRON).

Read more on Proactive Investors UK

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