FTSE 100 set to open lower this morning after falls after shares in Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) were sold off in after-hours business in the US taking the shine off another strong day for US markets.
Spread betting companies are calling London’s blue chip index down by around 19 points..
US markets forged ahead once more driven by falling Treasury yields and hopes that the aggressive rate rising stance of the Federal Reserve might soften in light of a series of soft US economic data.
At the close the Dow Jones Industrial Average was up 338 points at 31,837, the S&P 500 advanced 62 points to 3,859 and the Nasdaq Composite rose 247 poiints to 11,199.
Investors are also awaiting confirmation that the fiscal statement will still take place on 31 October with speculation that it may be delayed.
The banking reporting season continues with Barclays PLC (LON:BARC) the latest high street lender to report numbers today as well.