FTSE seen lower as uncertainty in the US continues
Source - SMW
The FTSE 100 is expected to open around 9 points lower, according to spread betting firms, as the political shutdown in the US influences global sentiment.
US stock futures fell over the weekend as the Senate failed to come to an agreement over the latest finance bill, causing the first government shutdown in 4 years.
Meanwhile, the state of the UK retail economy, combined with inflationary pressures and the general lack of growth in wages, provides little support or direction for investors in London.
Prior to the shutdown in the US, the Dow closed the week 53.91 points higher at 26,071.72, the S&P 500 climbed 12.27 points to reach 2,810.30 and the NASDAQ gained 40.33 points to 7,336.38.
Asian markets were mixed this morning.
The Nikkei was 26.36 points lower at 23,781.70, heading into the close, but the Hang Seng was up 89.41 points at 32,344.30.
The Shanghai Composite was also up 5.43 points, or 0.16%, at 3,493.30.
At 6:05am, WTI crude was 0.22% higher at $63.51 per barrel and Brent was up 0.25% at $68.78 per barrel.
Gold was 0.12% softer at $1,331.50 per ounce, silver was down 0.09% but copper was 0.49% higher.
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