Monday, October 2, 2023
  • Nasdaq FintechZoom
  • Dow Jones FintechZoom
  • Gold Price FintechZoom
  • Luxury FintechZoom
  • Investment FintechZoom
  • Money FintechZoom
  • Silver Price FintechZoom
[email protected]
 FintechZoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Watches
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Watches
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom
No Result
View All Result
FintechZoom
No Result
View All Result

FTSE 100 opens higher but trading may be muted ahead of expected interest rate hikes

Susannah Streeter by Susannah Streeter
September 20, 2022
in EU Stocks
0

Home » FTSE 100 opens higher but trading may be muted ahead of expected interest rate hikes

  • FTSE 100 opens in the green but trading may be muted ahead of interest rate decisions
  • Wall Street stocks end the session higher after choppy trading as traders mull over next move of the Fed
  • Liz Truss rules out a fast free trade deal with the US raising concerns about trade prospects
  • Oil steadies as China lifts lockdowns and US sells more crude from its strategic reserve

‘’Business as usual has quietly resumed on the London Stock Exchange after the sombre, historic scenes in Westminster, and trading is expected to be pretty muted. The FTSE 100 has opened higher, taking a lead from the close on Wall Street, and cheered by the lifting of a chunk of Covid restrictions in China. But investors are largely expected to be biding their time, waiting for a flurry of central bank activity later in the week, with large rate hikes expected on both sides of the Atlantic.

On Wall Street stocks fluctuated in value, drifting higher at the close, amid an absence of a new raft of data to grab onto. But expectations are firming up, that given strong jobs reading and stubborn inflation, another 0.75% rate rise will wash up on shore on Wednesday, the third such hike in a row.

FTSE 100 is loosing -0.32% 1:24 PM – September 20th

In the UK, the focus will switch back to speculation over whether the new Truss government is heading for a collision course with the Bank of England with a slash and spend approach to buoy up the economy, at a time when central bank policymakers are trying to suppress demand to try and sink inflation. The Bank of England is expected to decide on another 0.5% rate hike when policymakers meet later this week, but speculation is growing that they could plump for a 0.75% hike given inflation looks set to head back up to double digits. Friday’s retail sales snapshot showed that consumers were spending less, so in terms of reining in the price spiral, it was a step in the right direction. But it’s not the path Liz Truss wants the economy to take right now, given she is seemingly intent on stimulating growth even if it means high inflation may hang around for much longer.

An aura of pessimism over Britain’s prospects is set to continue given that no quick fix is on the cards to boosting trade with overseas partners. There will be particular disappointment among Brexiteers with Liz Truss’ admission en route to talks at the UN in New York, that a free trade agreement with the US, is unlikely in the short to medium term. This acknowledgement comes after Joe Biden’s administration warned the UK government not to rip up the Northern Ireland protocol governing trade arrangements, which was an essential part of the  Brexit trade deal with the EU.  There are no fresh talks yet scheduled with European counterparts to move this protracted dispute forward with the government’s in tray overflowing with difficult issues to resolve, not least the cost-of-living crisis and energy security headaches.

Oil prices have steadied with Brent crude hovering around the $92 a barrel mark, as traders assess the darkening global outlook with interest rates set to march up again this week, which is expected to limit overall demand. Prices are being supported though to some extent by the easing of Covid restrictions in China, with the huge city of Chengdu leaving lockdown and 21 million people allowed to resume their lives once more. Supply nerves have also been eased after the US said it would sell an extra 10 million barrels into the market from its strategic reserves for delivery in November, ahead of the EU ban on Russian oil which is looming in December.’’

Brent Crude Oil Chart – September 20Th 2022

RelatedPosts on FintechZoom

Wall Street Stocks Slip as Chipmaking Sector Declines, Europe and Asia Rally on Chinese Economic Data

Optimism in Stock Markets due Positive China Economic Data and the Successful Arm IPO

European Stocks Experience Decline as Oil Prices Soar, Raising Concerns About Inflation

European Stocks on Green Following Asia, FTSE +1.35%, CAC +0.27%

FTSE 250 vs. FTSE 100: Distinctive Factors Driving Their Performance in 2023

How Have Gaming Stocks Performed in 2023?

Susannah Streeter

Susannah Streeter

Susannah Streeter Senior Investment and Markets Analyst and Podcast host for HL’s Switch

Related Posts

A smartphone with a displayed TSMC | FintechZoom

Wall Street Stocks Slip as Chipmaking Sector Declines, Europe and Asia Rally on Chinese Economic Data

September 15, 2023
China economy | FintechZoom

Optimism in Stock Markets due Positive China Economic Data and the Successful Arm IPO

September 15, 2023

European Stocks Experience Decline as Oil Prices Soar, Raising Concerns About Inflation

September 13, 2023

European Stocks on Green Following Asia, FTSE +1.35%, CAC +0.27%

August 29, 2023

FTSE 250 vs. FTSE 100: Distinctive Factors Driving Their Performance in 2023

August 18, 2023

How Have Gaming Stocks Performed in 2023?

August 15, 2023

European Financial Markets: Navigating Turbulence Ahead of Key Interest Rate Decision

August 3, 2023

FTSE 100 and FTSE 250 started the day on a flat note

July 4, 2023

Stock Market Today: Interest Rate Hikes and Recession Concerns

June 6, 2023
Next Post
Person with hand over a digital fintech image | FintechZoom

The 10 Most Valuable Fintech 2022

NFT, The New Rage In The Crypto World: Key Things To Know

Why Is Bitcoin, Or Any Other Cryptocurrency, So Volatile?

3 coins, bitcoin, ethereum and ripple over a black background | FintechZooom

Hot vs. Cold Storage – Where to Store Bitcoin and Altcoins

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECHZOOM

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Watches
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom

© 2016-2023 FINTECHZOOM

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?