FTSE 100 futures edged lower as the pound strengthened to 1.2740 against the US dollar, weighing on exporters. However, renewed bids in defensive utilities limited the downside, suggesting institutional hedging activity at play. US stock futures declined on Tuesday morning with Wall Street worried a government shutdown could begin as soon as Wednesday. The UK's FTSE 100 is positioned for an uneasy start, hinting at early trading pressure. This aligns with BT's significant move to offload its 50% stake in TNT Sports to Warner Bros Discovery. Meanwhile, Craneware has dismissed takeover rumors from Bain Capital, clarifying there was no formal offer. The UK housing market is also cooling, showing slower growth in asking prices post-tax break since 2016. On the commodities side, oil remains stable, gold is on the rise, and copper sees minor declines. Earlier gains in British equities were bolstered by reduced global trade tensions and expectations for future trade agreements. Keep a lookout for key corporate updates, including Diageo’s trading statement and Assura’s full-year results. Market sentiment for FTSE 100 futures turned slightly bullish as Asian equities rallied overnight, tracking gains in US indices. Stronger-than-expected UK retail sales data lifted consumer discretionary names, while a weaker pound added tailwinds for exporters. Technical charts indicate resistance around 7,780, with RSI nearing overbought territory.
Return this item within 90 days of purchase.
Get an immediate answer with AI
AI-generated from the text of manufacturer documentation. To verify or get additional information, please contact The Home Depot customer service.