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FTSE 100 to steady after US upheaval

FTSE

UK stocks are set for a steady start after yesterday’s heavy fall, despite a shake-out overnight on Wall Street.

President Trump’s moves to restrict immigration put US investors in “risk-off” mode, sending US indices tumbling but it looks like London got most of the reaction out of its system yesterday, when the FTSE 100 index fell 66 points.

Spread betting quotes indicate it will open a handful of points lower than last night’s close of 7,118

US markets had their worst day of the year, with the benchmark S&P giving up 14 points at 2,281 and the Dow Jones dropping below 20,000, surrendering 123 points at 19,971.

Asian markets remain out of sorts, with the Japanese market having an especially torrid time in the final hour of trading. The Nikkei 225 was another index falling below 20,000, down 268 points at 19,101.

Paul

The author Paul