FTSE Bounces Back From Freedom Day Crisis – Live Updates – .

FTSE Bounces Back From Freedom Day Crisis – Live Updates – .

gHello. The FTSE 100 is expected to open slightly higher after experiencing its worst day since May, falling 2.3% on ‘freedom day’.

5 things to start your day

1) Global markets slide as fears of Delta mount: The blue chips lost £ 44 billion on their worst day in months as global markets collapsed amid fears that an increase in Delta cases would stifle the global recovery.

2) Drivers face higher repair bills amid EU auto parts crackdown: Brussels rules could let British motorists pay almost £ 100 extra a year to major manufacturers.

3) Pingdemic chaos puts an end to UK businesses: From bank branches to supermarkets, a sector-by-sector review of the problems caused by the NHS enforcement.

4) Training companies challenge Sturgeon and chop social distancing in Scotland: LNER, Avanti and CrossCountry will allow passengers to sit side by side on both sides of the border.

5) GB News rolls the dice with Nigel Farage: The upstart channel is trying to stop a sharp drop in audience figures with a few divisive hires.

What happened during the night

Asian stocks were down on Tuesday morning as growing fears that the spreading delta variant would hurt the global economic recovery caused riskier assets, including oil, to slip sharply.

The MSCI index of Asia-Pacific stocks outside Japan fell 0.29 percent, the Australian S & P / ASX 200 was down 0.39 percent.

Japan’s Nikkei 225 hit a six-month low at the start of trading and widened losses to 1.05 pc.

The Hang Seng index opened 0.3% lower and the Chinese benchmark CSI300 slipped 0.7% at the start.

In Beijing, policymakers kept the key rate on business and household loans unchanged when it was set in July on Tuesday, despite rising expectations of a cut after a surprise drop in bank reserve requirements.

Stocks on Wall Street fell as low as 2pc on Monday, with the Dow Jones posting its worst day in nine months as Covid deaths rose in the United States.

Coming today

  • Business: Begbies Traynor (Full year); Audioboom, MusicMagpie, One Media (Temp worker); Alliance Pharma, Anglo American, Groupe CVS, easyJet, IntegraFin Holdings, Luceco (Commercial update)
  • Economy: Producer price index (German)


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