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FTSE 100 Live: Subdued start expected ahead of interest rate calls

Published 19/09/2023, 06:57
Updated 19/09/2023, 07:10
© Reuters.  FTSE 100 Live: Subdued start expected ahead of interest rate calls

Proactive Investors - Good morning, and the FTSE 100 is expected to open little changed as investors remain wary ahead of a week dominated by central bank announcements.

Spread betting companies are calling the FTSE 100 up by 2 points after closing down by 58.44 points at 7,652.94 on Monday.

In the US on Monday, markets closed little changed, with rising oil prices sparking worries of inflationary concerns.

On Wednesday, the Federal Reserve is expected to leave interest rates unchanged whle on Thursday the Bank of England is likely to raise rates by 25 basis points.

"This week, the US policymakers will certainly opt for a 'hawkish pause'. The Fed will likely revise its growth expectations significantly higher on the back of resilient consumer spending and solid growth," said Swissquote Bank's Ipek Ozkardeskaya.

Ahead of the interest calls there is a busy day of company news in London.

Updates are due from Hargreaves Lansdown (LON:HRGV), Kingfisher (LON:KGF), Ocado (LON:OCDO), C&C, Moonpig and Xaar (LON:XAR) amongst others.

Read more on Proactive Investors UK

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