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FTSE 100 seen slightly lower as US tech earnings disappoint

Published 03/02/2023, 06:59
Updated 03/02/2023, 07:10
© Reuters.  FTSE 100 seen slightly lower as US tech earnings disappoint

Proactive Investors - FTSE 100 is expected to open slightly lower on Friday, after strong gains yesterday, following mixed numbers from a number of leading US tech heavyweights last night.

Spread betting companies are calling the lead index down by around 4 points.

Investors are still digesting the moves by the Fed, Bank of England and ECB on interest rates and also have an eye on US non-farm payrolls figures due later today.

"Today's European open looks set to see a modestly softer open after some weakness in the wake of last night's earnings numbers from Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) and Apple (NASDAQ:AAPL)," CMC Markets analyst Michael Hewson commented.

After the US markets closed results saw shares in Amazon lose 5.1% after hours in New York, while Alphabet gave back 4.6% and Apple fell 3.2%.

Back in London and no major corporate announcements are in the diary but there are a batch of services PMI readings from the UK, US, EU, and Germany due.

Read more on Proactive Investors UK

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