(Alliance News) – London’s FTSE 100 is set to open sharply in the red on Friday, with US-China trade tensions in focus, and after stocks in New York and Asia declined.
IG says futures indicate the FTSE 100 to slump 105.4 points, 1.1% at 9,330.69 on Friday. The index of London large-caps closed up 11.34 points, 0.1%, at 9,436.09 on Thursday. So far this week, it has edged up 0.1%.
In China on Friday, the Shanghai Composite was down 1.2% in afternoon trade, the Hang Seng Index in Hong Kong shed 1.8%. Tokyo’s Nikkei 225 slumped 1.5%. Sydney’s S&P/ASX 200 was down 0.8%.
“Sentiment soured once again on Thursday, with conditions on the whole remaining choppy, as a light docket now awaits today, with tariff headlines still in focus,” Pepperstone analyst Michael Brown commented.
China on Thursday accused the US of deliberately creating panic through allegations by US administration officials concerning the imposition of export controls by…
