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FTSE 100 to come down as US retreats

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London is tipped to open lower on what is likely to be a very slow day ahead of the long holiday break.

Spread bet firms see FTSE 100 shedding around 20 points in early trades and mirroring falls in the US and Asian markets overnight. FTSE 100 closed down 2 yesterday at 7,021.

In the US, the Dow Jones Industrial Average once again found the 20,000 mark a few points too far and ended the day 32 lower at 19,941.

There is a raft of economic statistics due in the US today but unless there are major changes in inflation, jobless claims or durable goods the hunker-down mood looks set here as well.

Asian markets were generally weak with Hong Kong the worst performer Tokyo flat while Shanghai added a couple of points.

Paul

The author Paul