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FTSE 100 Live: Stocks seen slightly lower after heavy US falls

Published 27/09/2023, 06:58
© Reuters.  FTSE 100 Live: Stocks seen slightly lower after heavy US falls
UK100
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Proactive Investors - The FTSE 100 is expected to open slightly lower on Wednesday after heavy falls in US markets after data showed a drop in consumer confidence adding to nerves over a possible government shutdown.

Spread betting companies are calling London’s lead index down by around 3 points after closing 1.73 points higher at 7,625.72 on Tuesday.

Ipek Ozkardeskaya senior analyst at Swissquote Bank said: “Investors continue to dump stocks and buy US dollars on looming uncertainty regarding whether the US government will be shut in three days.”

“There is progress regarding a 6-week short-term funding deal, but getting an approval from the Senate will be a challenge,” she said.

The Dow Jones Industrial Average closed down 1.1%, the S&P 500 fell 1.5% and the Nasdaq Composite shed 1.6%.

Back in London, and the early focus will be updates from Saga, Old Mutual and Everyman Media.

Read more on Proactive Investors UK

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