2nd Feb 2015 07:00
LONDON (Alliance News) - UK stocks are set to open lower Monday following poor performances by Asian stock markets overnight, and in the US on Friday.
Futures indicate the FTSE 100 to open 8.5 points lower at 6,740.9. The index closed down 0.9% at 6,749.40 on Friday.
Wall Street ended firmly in the red Friday. The DJIA closed down 1.5%, the S&P 500 ended down and the Nasdaq Composite down 1.0%.
In Asia on Monday, the Japanese Nikkei 225 closed down 0.7%, and the Hang Seng trades down 0.5%. The Shanghai Composite is underpeforming, trading down 2.4% after China's manufacturing sector was reported to have contracted slightly more than the initially estimated in January.
The only scheduled UK corporate update is from education and IT resources company RM.
In the economic calendar, there are Markit Purchasing Managers' Index readings from Germany at 0855 GMT, the eurozone at 0900 GMT, the UK at 0930 GMT, and the US at 1445 GMT. There also will be income and consumption data from the US at 1330 GMT and ISM manufacturing PMI at 1500 GMT.
By Neil Thakrar; [email protected]; @NeilThakrar1
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