FTSE set to open down after losses on Wall Street
Britain's top share index is predicted to be 0.1 per cent, or one to four points, lower today, which will be its third straight session of losses, Reuters reports.
The FTSE 100 is set to open down this morning (February 6th), echoing overnight losses in Asia and the US.
Poor performances from miners and engineers dragged the gauge down yesterday and it closed 36.31 points lower - or 0.6 per cent - on 5,874.82 points.
The losses came after China cut its growth forecasts and mixed economic data was published in both Europe and the US.
Furthermore, the British Retail Consortium revealed retail sales were disappointing in February, although other official economic data from the UK has been slightly more positive.
Shares on the continent are expected to put in a similar performance, with futures for the Euro STOXX 50, the German Dax and the Cac in France all down between 0.2 and 0.4 per cent at 07:23 GMT today, Reuters noted.
Posted by Greg Secker
- Knowledge to Action News
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