Forex
FTSE 100 Set to Open Lower as Oil Prices Near $100
The UK's FTSE 100 index is expected to open lower on Wednesday, September 9, as rising oil prices and Middle East tensions weigh on investor sentiment.
Brent crude has moved close to the $100-a-barrel mark, while investors look ahead to US inflation data due later this week. The combination of higher energy prices and inflation concerns is keeping global markets cautious.
The FTSE 100 ended slightly lower in the previous session as higher bond yields and rising energy prices affected market sentiment. The UK 10-year gilt yield moved above 5.21% on Tuesday, while Brent crude traded close to $99.