Latest News

FTSE 100 expected to open sharply lower after heavy falls in the US

FTSE 100 expected to open sharply lower after heavy falls in the US By Proactive Investors

Breaking News


Stock Markets 5 hours ago (Sep 22, 2022 07:10)

© Reuters. FTSE 100 expected to open sharply lower after heavy falls in the US

7.00: FTSE expected to nurse hefty losses at the open

FTSE 100 expected to open sharply lower following heavy falls in the US after the Federal Reserve slashed economic growth forecasts as it raised interest rates for 75 basis points once again.

Investors will be looking to see if the Bank of England follows a similar path today when it makes its interest rate announcement.

Spread betting companies are calling London’s blue-chip index down by 60 points.

US markets ended a see-saw final couple of hours sharply lower as the Federal Reserve signalled that interest rates would stay higher, for longer, and slashed its forecasts for economic growth for the next two years.

The rate increase of 75bp was as expected but it was the accompanying hawkish remarks and estimates that further spooked the markets.

At the close, the Dow Jones was down 523 points, or 1.7%, at 30,184, the S&P 500 shed 66 points, or 1.7%, to 3,790, and the Nasdaq Composite tumbled 205 points, or 1.8%, to 11,200.

Read more on Proactive Investors UK


FTSE 100 expected to open sharply lower after heavy falls in the US

Dow Futures Rise 90 Pts; Investors Digest Fed Move Ahead of Jobless ClaimsBy – Sep 22, 2022

By Peter Nurse — U.S. stocks are seen marginally higher Thursday, bouncing after the previous session’s sharp losses, as investors digest another large…

Uniper to keep UK coal plant open this winterBy Reuters – Sep 22, 2022

(Reuters) -Germany’s Uniper said on Thursday it would keep open a unit at its Ratcliffe coal power station in Britain to help shore up electricity supplies this winter. Countries…

Man United reinstates forecast after quarterly loss narrowsBy Reuters – Sep 22, 2022

(Reuters) – Manchester United reinstated its financial forecast for 2023 on Thursday, expecting to report higher annual core profit despite the Premier League club failing to…

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

You may also like

Leave a reply

Your email address will not be published.

More in Latest News