16th Dec 2025 06:59
(Alliance News) - Stocks in London are set to open lower on Tuesday following New York Stocks into the red on a day filled with flash composite purchasing managers indices data.
IG says futures indicate the FTSE 100 to open 32.1 points, or 0.3%, lower on Tuesday. The index of London large-caps closed 1.1% higher at 9,751.31 on Monday.
Sterling was quoted at USD1.3358 early Tuesday, lower than USD1.3390 at the London equities close on Monday.
The euro traded at USD1.1748 early Tuesday, lower than USD1.1764 late Monday. Against the yen, the dollar was quoted at JPY154.92, lower versus JPY155.24.
The dollar remains broadly under pressure, Ipek Ozkardeskaya, senior analyst at Swissquote said.
"The broader outlook for the dollar remains negative. That said, one chart stands out: markets are pricing roughly two Fed cuts next year versus one implied by the Fed's latest dot plot. Given the wide divergence of views within the Fed, the median forecast may not offer reliable guidance. Still, with positioning heavily skewed against the dollar, it raises the question of whether the greenback is due for a short-term rebound," she said.
In the US on Monday, Wall Street ended lower, with the Dow Jones Industrial Average down 0.1%, the S&P 500 down 0.2% and the Nasdaq Composite 0.6% lower.
In Asia on Tuesday, the Nikkei 225 index in Tokyo was down 1.4%.
Japan's private sector growth eased slightly in December as services cooled while manufacturing remained in contraction, preliminary figures from S&P Global revealed Tuesday.
The S&P Global Japan flash composite purchasing managers' index fell slightly to 51.5 points in December from 52.0 in November.
A reading above the 50.0-point neutral mark indicates an overall increase in business activity month-on-month, while a reading below signals a contraction.
Specifically, the flash services PMI held dropped to 52.5 points from 53.2 the previous month.
In China, the Shanghai Composite was down 1.0%, while the Hang Seng index in Hong Kong was down 2.0%.
The S&P/ASX 200 in Sydney closed down 0.4%.
Consumer sentiment in Australia retreated in December, slipping back below the neutral threshold as survey data pointed to renewed caution, survey data showed Tuesday.
The Westpac–Melbourne Institute consumer sentiment index declined 9.0% to 94.5 in December from 103.8 in November.
Consumer sentiment dropped below the neutral threshold of 100 points, reflecting ongoing caution and a mildly negative outlook.
Gold was quoted at USD4,289.62 an ounce early Tuesday, lower than USD4,296.68 on Monday.
Brent oil was trading at USD60.17 a barrel early Tuesday, lower than USD60.39 late Monday.
In Tuesday's corporate calendar, ten-pin bowling operator Hollywood Bowl publishes full year results, while provider of online trading platforms IG Group and science, technology, engineering and mathematics-focused recruiter SThree will issue trading statements.
In the economic calendar on Tuesday, there will be plenty of flash composite purchasing managers indices data releases, including from the UK, eurozone, Germany and France, with US nonfarm payrolls and US flash composite PMI data to follow in the afternoon.
By Tom Budszus, Alliance News slot editor
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