The FTSE 100 is expected to open around 250 points lower, according to financial spread betting firms, after the Dow registered the largest one day fall in over six years. The Dow fell 1,175 points, or 4.6%, to end the session at 24,345.75 as inflation concerns continued to impact sentiment. The S&P 500 fell 113.19 points, or 4.1%, to close at 2,684.94 and NASDAQ finished the day 273.42 points weaker at 6,967.53. The global sell-off continued into Asia this morning, with the Nikkei 225 shedding 1,124.99 points, or 4.96%, at 21,557.09 heading into the close. The Hang Seng was down 1,298.1 points at 30,947.12 and the Shanghai Composite by 95.83 points at 3,391.67. Closer to home, further job losses at Carillion and news that Stagecoach will lose its East Coast Mainline rail franchise earlier than expected will add to the nervousness in the City. COMMODITIES At around 6:05am, WTI crude was 1.03% lower at $63.49 per barrel and Brent was down 1.02% at $66.93 per barrel. Gold was 0.67% firmer at $1,345.5 per ounce, silver was up 1.19% but copper was 1.2% lower. LONDON MARKETS Trading Statements: Babcock International. Interim Results: BP, Frontier Developments, Henderson, Hargreaves Lansdown and Mattioli Woods. Final Results: Amino Technologies, Magnitogorsk Iron Steel Works, Ocado, RM and St Modwen Properties. Economic Announcements: BRC Retail Sales data.
-5.27p (-0.07%)delayed 10:04AM