Oil at $95 a barrel, FTSE 100 seen flat
Jitters ahead of tomorrow’s Federal Reserve rates decision meant a lacklustre start to the week for Wall Street shares yesterday, with all three major US benchmarks barely changed at the closing bell.
Big movers included Tesla, which dropped more than 3.3% after Goldman Sachs lowered its profit forecasts for this year and next, and debutant Arm Holdings with a decline of 4%.
The FTSE 100 index, which fell 0.7% to 7652 on Monday, is forecast by IG Index to open broadly unchanged at the start of today’s session.
Oil prices, meanwhile, stood at just below $95 a barrel this morning as traders continue to focus on the supply outlook following Saudi Arabia’s recent voluntary production cut.
Recap: Yesterday’s top stories
Good morning. Here’s a summary of our top headlines from yesterday:
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