FTSE to open lower with volatility set to continue
Source - SMW
The FTSE 100 is expected to retreat by around 15 points, according to the spread betting firms, with commodity related companies anticipated to rattle a few more nerves in London.
Markets in the US and Asia were also lower overnight, signalling a shift in global sentiment as traders opt to lock in profits following the latest rally.
Some strategists are forecasting a six-week period of consolidation and sideways trade, while others remain on the fence.
In the US overnight, the Dow ended an up-and-down session 10.33 points lower at 25,792.86, the S&P 500 was off by 9.82 points at 2,776.42 and the NASDAQ fell 37.38 points at 7,223.69.
In Asia this morning, the Nikkei was 86.08 points lower at 23,865.73 and the Hang Seng was down 98.76 points at 31,805.99.
At round 6:15am, WTI crude was down 0.06% at $63.69 per barrel and Brent was off by the same amount at $69.11 per barrel.
Gold was 0.13% softer at $1,335.30 per ounce, silver was down 0.14% and copper by 0.50%.
Trading Statements: BHP Billiton, Henry Boot, Burberry, City of London Investment Group, Clinigen and Secure Trust Bank.
Interim Results: Diploma.
AGM's / EGM's: China New Energy, Diploma and Majedie Investments.