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FTSE set for lower start despite record day on Wall Street

By BFN News | 06:32 AM | Thursday 12 October, 2017

The FTSE 100 is expected to open around 5 points lower on Thursday, ahead of the latest house price data and credit conditions survey results. This is in contrast to Wall Street, which marked a new high overnight, and with Asian stocks progressing this morning. Ongoing political squabbles within the Tory party and the impact this is having on Brexit negotiations is doing little to reassure investors in the City. US & ASIA In the US overnight, the Dow closed 0.18% higher at 22,872.89, the S&P 500 also added 0.18% to reach 2,555.24, while the technology-focussed Nasdaq climbed 0.25% to end at 6,603.55. In Asia this morning, the Nikkei was up 0.48% at 20,981.23 and the Hang Seng added 0.36% at 28,493.12. COMMODITIES At around 6.20am, WTI crude was 0.55% weaker at $51.02 per barrel and Brent was down 0.54% at $56.63 per barrel. Gold was 0.65% stronger at $1,297.3 an ounce, silver was up 0.6% but the price of copper was largely unchanged. LONDON MARKETS Final results are due from WH Smith, interims are expected from Booker and Sky and a trading update is to be released by Hays, while a number of stocks go ex-dividend. In economic news, the RICS House Price Balance and the BOE Credit Conditions Survey results are due today. Story provided by

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