7th Oct 2025 06:55
(Alliance News) - Stocks in London are set to open lower on Tuesday, following news that US tariffs on heavy trucks are to be expanded and imposed at a later date.
Starting November 1, all medium and heavy-duty trucks imported into the US will be subject to a 25% surcharge, US President Donald Trump claimed on his platform Truth Social.
IG says futures indicate the FTSE 100 to open down 5.0 points, 0.1%, on Tuesday. The index of London large-caps closed down 0.1% at 9,479.14 on Monday.
Sterling was quoted at USD1.3458 early Tuesday, lower than USD1.3471 at the London equities close on Monday.
The euro traded at USD1.1691 early Tuesday, lower than USD1.1706 late Monday. Against the yen, the dollar was quoted higher at JPY150.48 versus JPY150.07.
In the US on Monday, Wall Street ended mixed, with the Dow Jones Industrial Average down 0.1%, the S&P 500 up 0.4% and the Nasdaq Composite up 0.7%.
In Asia on Tuesday, financial markets are closed in Hong Kong. The Nikkei 225 index in Tokyo was up 0.3%. In China, the Shanghai Composite was up 0.5%. The S&P/ASX 200 in Sydney closed down 0.3%.
Gold was quoted at USD3,962.17 an ounce early Tuesday, higher than USD3,957.68 on Monday.
Brent oil was trading at USD65.60 a barrel early Tuesday, higher than USD65.43 late Monday.
In Tuesday's corporate calendar, Imperial Brands has a trading update and Henderson Smaller Cos holds its annual general meeting.
In the economic calendar on Tuesday, the US has consumer inflation expectations. France has trade balance and current account data.
By Emma Curzon, Alliance News reporter
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