The FTSE 100 is expected to decline by around 50 points this morning, according to financial spread betting firms, following yesterday's sell-off in the US technology sector. The downbeat sentiment in the US spread to markets in Asia, which were also notably lower and likely to have a negative impact in London when trading gets underway. Meanwhile, traders will be looking to the CBI's reported sales data, due later in the day, considering the number of recent profit warnings within the retail sector. OVERSEAS MARKETS In the US overnight, the Dow ended 344.89 points lower at 23,857.71, the S&P 500 fell 45.93 points to close at 2,612.62 and the Nasdaq was off by 211.74 points at 7,008.81. In Asia this morning, the Nikkei 225 fell by 1.76%, or 374.69 points, to 20,942.63 in late trading. The Hang Seng was down 453.91 points at 30,336.92 and the Shanghai Composite was 35.17 points lower at 3,131.48. COMMODITIES At around 6:00am, WTI crude oil was 0.83% lower at $64.71 per barrel and Brent crude was down 0.64% at $69.66 per barrel. Gold was 0.11% firmer at $1,349.4 per ounce, silver was 0.07% lower and copper was down 0.47%. CORPORATE ANNOUNCEMENTS Interim Results: Inland Homes. Final Results: Anglo Pacific and Petropavlovsk. AGM's EGM's: Chenavari Capital Solutions, St Modwen Properties and Yolo Leisure And Technology. ECONOMIC RELEASES CBI sales data.
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