Yahoo Finance FTSE 100 set to open higher, as investors watch Morrisons and retail sales
London’s top flight was set for a calmer start this morning after slumping yesterday, hit by “a cocktail of worries”.
Traders fretted about Afghanistan, a fresh spread of Covid-19 and strong words from the US Federal Reserve.
As AJ Bell’s Russ Mould put it, theses added up to a “ cocktail of worries which are dogging investor sentiment”.
The FTSE 100 closed 110.46 points, or 1.54% lower, at 7085.86. Today traders at CMC Markets expect it to open 8 points higher.
Companies that investors will be watching on Friday morning include FTSE 250 grocer Morrisons.
After the market closed yesterday, suitor Clatyon, Dubilier & Rice, the private equity group, said it had struck a 285p per share deal for the chain.
Morrisons’ board had previously agreed to a Fortress-led consortium doing a takeover, so shareholders in the supermarket business will be waiting to see what this rival bidder does next.
Elsewhere today, retail sales figures for July will be published.
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