Good morning. The FTSE 100 is set for a cautious open after Asian stocks reacted badly to fresh restrictions from China, with the Hang Seng sinking almost 2pc for its worst level in nine months. London’s main index is set to open around 0.15pc lower than yesterday’s flat trading session despite a glut of earnings from the likes of Reckitt Benckiser, Games Workshop and FTSE newbie Moonpig.
US markets notched up new record highs yesterday ahead of today’s Federal Reserve meeting, while Microsoft and Apple are expected to post strong earnings later after Tesla topped guidance last night.
5 things to start your day
1) Hinkley Point C under threat from crackdown on China: The plant is due to come online in 2026, supplying 7pc of the nation’s electricity.
2) Tesla posts record profits of $1.1bn, but warns on chip shortage: Chief executive Elon Musk says chip supply is “the limiting factor on our output”.
3) Amazon faces satellite broadband setback: Regulator is weighing new rules which could affect online giant’s $10bn (£7bn) “Project Kuiper” system to deliver fast…
