Proactive Investors - The FTSE 100 is expected to make a weak start to trading after falls in Asia and as investors look ahead to another busy session of corporate news.
Spread betting companies are calling London’s lead index down by 26 points.
In the US, the Dow closed Monday up 66 points, 0.2%, at 33,875, while the Nasdaq Composite dropped 35 points, 0.3%, to 12,037, and the S&P 500 added 4 points to 4,137.
After the closing bell, First Republic Bank (NYSE:FRC) announced that its first-quarter 2023 revenue fell 13.4% to US$1.2 billion, while its diluted earnings per share for the period dropped 38.5% to US$1.23, as the company experienced unprecedented deposit outflows following the collapse of two other mid-sized banks that sparked fear from customers.
In Asia on Tuesday, the Nikkei 225 index was up 0.1%. In China, the Shanghai Composite was down 1.2%, while the Hang Seng index in Hong Kong was down 2.1%.
Back in London and the early focus will be half-year results from Primark owner, Associated British Foods (LON:ABF) and full-year results from Whitbread (LON:WTB). It’s another busy day across the pond with results from Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL).
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