Cautious buying and selling for European markets is about to proceed as traders fear about how rising rates of interest will influence the worldwide outlook.
Last week’s efficiency was the worst since March because it grew to become obvious that central banks have additional to go of their combat in opposition to inflation.
US markets have been additionally decrease final week, with the tech-focused Nasdaq Composite within the crimson for the primary time in two months and the S&P 500 index down 1.7%.
CMC Markets expects the FTSE 100 index to open broadly flat at 7468, whereas US futures markets are pointing barely larger.
The Brent Crude worth fell 3.6% final week however is again up 0.6% to $74.32 at the moment as merchants react to occasions in Russia and the potential for political instability to disrupt provides in one of many world’s largest oil producing international locations.
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