Proactive Investors -
FTSE 100 called lower ahead of US inflation figures
The FTSE 100 is expected to edge lower at the open as investors look ahead to important economic data in the UK and the US today.
Spread betting companies are calling London’s lead index down by around 13 points after closing up 65.28 points, 0.9%, at 7,425.83 on Monday.
UK unemployment figures and average earnings figures will provide the early focus in London, before attention switches to the US this afternoon for October’s inflation data.
Craig Erlam at Oanda said: "Inflation in the US is expected to have fallen to 3.3% last month which is within touching distance of the Fed's 2% target. While the final push is expected to be the hardest, it will give the central bank some comfort that, despite the economy and labor market displaying remarkable resilience, a soft landing may still be possible."
Ahead of the data, US markets were mixed with the Dow higher, but S&P 500 and Nasdaq lower.
Back to London, and there will be another hefty batch of corporate news with Vodafone (LON:VOD), Imperial Brands (LON:IMB), Wise and Land Securities to release updates.