9th Dec 2025 06:56
(Alliance News) - Stocks in London are set to open slightly lower on Tuesday, ahead of the start of US Federal Open Market Committee meetings.
UK annual total retail sales growth slowed to 1.4% in November from 1.6% in October, but was better than the decline of 3.3% suffered in November 2024, data published by the British Retail Consortium and KPMG showed.
Helen Dickinson, chief executive of the British Retail Consortium said: "Pre-budget jitters among shoppers meant the month of Black Friday did not deliver as strongly as retailers had hoped or the economy needed. Sales growth was the weakest in six months, despite the elevated inflation."
IG says futures indicate the FTSE 100 to open down 2.3 points on Tuesday. The index of London large-caps closed down 0.2% at 9,645.09 on Monday.
Sterling was quoted at USD1.3329 early Tuesday, higher than USD1.3319 at the London equities close on Monday.
The euro traded at USD1.1644 early Tuesday, higher than USD1.1624 late Monday. Against the yen, the dollar was quoted at JPY155.98 versus JPY155.88.
In the US on Monday, Wall Street ended lower, with the Dow Jones Industrial Average down 0.5%, the S&P 500 down 0.4% and the Nasdaq Composite down 0.1%.
In Asia on Tuesday, the Nikkei 225 index in Tokyo was up 0.1%. In China, the Shanghai Composite was down 0.4%, while the Hang Seng index in Hong Kong was down 1.3%. The S&P/ASX 200 in Sydney closed down 0.5%.
Gold was quoted at USD4,181.48 an ounce early Tuesday, lower than USD4,192.10 on Monday.
Brent oil was trading at USD62.28 a barrel early Tuesday, lower than USD62.79 late Monday.
In Tuesday's corporate calendar, Chemring reports full-year results, while Ashtead and Moonpig report half-year results.
In the economic calendar on Tuesday, Ireland has industrial production and Germany has trade balance data.
By Emma Curzon, Alliance News reporter
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