(Alliance News) – Stocks in London are set to open flat on Tuesday, as markets recover ahead of the US Federal Reserve interest rate decision.
IG says futures indicate the FTSE 100 to open up 0.9 points, flat, at 8,229.38 on Tuesday. The index of London large-caps closed down 16.89 points, 0.2%, at 8,228.48 on Monday.
Far-right gains in EU elections triggered a political earthquake in France on Sunday. Though centrist mainstream parties kept an overall majority in the European Parliament, across the bloc extreme right parties notched a string of high-profile wins.
Focus this week will be on the Federal Reserve decision on Wednesday. At the central bank’s fourth meeting of 2024, the Fed is expected to leave interest rates unchanged.
The decision will be announced after the US May consumer price inflation data is out.
Sterling was quoted at USD1.2735 early Tuesday, higher than USD1.2722 at the London equities close on Monday.
The euro…
