RE: Telegraph Questor10 Jan 2024 07:49
LONDON - (Sharecast News) - London stocks were set for a weaker open on Wednesday following a mostly negative close on Wall Street.
The FTSE 100 was called to open 18 points lower at 7,666, as investors continued to eye the release of the US consumer price index for December on Thursday.
CMC Markets analyst Michael Hewson said: "After US markets gave up some of its Monday gains with a negative finish yesterday, today's European open looks set to be another lacklustre affair with a lower open, despite the Nikkei 225 powering on with a fresh 33 year high."
He added: "Since the end of last year and the strong gains leading up to the end of last month markets have exhibited none of the same enthusiasm to carry the momentum higher, with trading activity subdued and a relatively negative bias so far year to date. It's hard to assign a singular reason for the lack of enthusiasm so far month to date, apart from a great deal of uncertainty around the prospects for the global economy and the timeline for central bank rate cuts."