FTSE 100 futures experienced mild profit-taking after a four-day advance, with consumer staples under pressure from rising input costs. Despite the dip, derivative positioning suggests institutional investors remain net long on the index, anticipating upside in the medium term. Futures attached to the Dow Jones Industrial Average (YM=F) , the benchmark S&P 500 (ES=F) , and the tech-heavy Nasdaq 100 (NQ=F) fell around 0.2%. In the FTSE 250, a medium-term target by Taylor Wimpey to grow completions to 14,000 from this year’s expected figure of 10,400-10,800 failed to lift shares after their recent poor run. FTSE 100 futures edged 0.35% higher in early London trading, buoyed by strength in mining and energy stocks after Brent crude held above $84.50 a barrel. Traders are pricing in a softer BoE stance as UK CPI cooled to 3.8% YoY, pushing gilt yields lower. Short-term momentum suggests the index could retest the 7,750 level if global risk appetite stays firm.
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