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FTSE 100 set to open slightly higher

Stock Markets Sep 29, 2022 07:10
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7.00am: FTSE 100 set to open higher

FTSE 100 is seen slightly at the open although markets are likely to remain volatile following the £65bn ntervention by the Bank of England yesterday and ongoing concerns about the strength of the UK’s finances.

Spread betting companies are calling the lead index up by around 18 points.

In the US, markets rebounded strongly with the Dow up 547 points, 1.9%, at 29,682, the Nasdaq Composite up 222 points, 2.1%, to 1,052 and the S&P 500 up 71 points, 2%, to 3,719.

The Dow snapped a six-day winning streak, thanks in part to The Home Depot Inc (NYSE:HD), which saw shares gain 5% to $282.24.

Asian markets were also higher with the Nikkei 225 up 1.0% in late trade in Tokyo and the Hang Seng 0.9% to the good.

Interim results from retailer Next PLC (LSE:NXT) before the market open will provide an indication of how UK shoppers are responding to mounting economic pressures.

Read more on Proactive Investors UK

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FTSE 100 set to open slightly higher
 

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Comments (6)
Parrish Claxton
Parrish Claxton Sep 29, 2022 8:54
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Shoukd read ‘FTSE set to Tank on opening’ lol
Jan Lindsay
Jan Lindsay Sep 29, 2022 8:44
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Whoops. Best do the opposite :/
Robert Johnson
Robert Johnson Sep 29, 2022 8:42
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You might want to change that headline.
Robert Johnson
Robert Johnson Sep 29, 2022 8:42
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You might want to change that headline.
Tim Tom
Tim Tom Sep 29, 2022 8:14
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Lol
Parrish Claxton
Parrish Claxton Sep 29, 2022 8:05
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You got that wrong again, opened lower’
 
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