Good morning. The FTSE 100 is due to open flat before a flurry of earnings after Asian stocks reversed their losses overnight to push higher. But London’s main index is set to stay put, in line with the rest of Europe, following yesterday’s respite from earlier losses over optimism of easing travel restrictions. That’s despite a huge day of earnings from the likes of lender Credit Suisse, AstraZeneca and brewer AB Inbev.
Today traders will be digesting the Federal Reserve’s decision to keep asset purchases at their current rate of $120bn a month, arguing the US economy has a way to go before stimulus can end.
Investors will also be expecting to see weekly US jobless claims drop to around 385,000 after the previous week’s surprise increase, and before that the Bank of England will release mortgage approvals and consumer credit data for June, with both set to accelerate.
Robinhood, the trading app popular with Reddit investors, is due to make its public debut in the US later today.
5 things to start your day
1) Companies told to give two in five board seats to women:…
