What’s going on here?
London’s FTSE 100 and FTSE 250 indices fell for a fourth session, slipping 0.2% and 0.4% respectively, as investors proceed with caution ahead of the UK budget announcement and US elections.
What does this mean?
Markets are on edge with the FTSE indices dropping as investors speculate on potential fiscal changes in the UK and policy shifts under a possible Trump presidency. Industrial metal miners declined by 1.2% due to falling copper prices and a strengthening US dollar, which raises the cost of metals abroad. Meanwhile, gold miners saw a 0.8% gain, as gold appeals as a safe haven amid economic uncertainty. More volatility is expected as the Bank of England considers a rate cut, responding to September’s eased inflation at 1.7%. Short-term attention is focused on upcoming flash PMI figures and the critical British budget announcement on October 30.
Why should I care?
For markets: Keeping an eye on the shifting…
