Good morning. The FTSE 100 is set for a mindful open after Asian stocks reacted severely to fresh constraints from China, with the Hang Seng sinking almost 2pc for its worst level in 9 months. Londons primary index is set to open around 0.15 pc lower than yesterdays flat trading session despite a glut of incomes from the likes of Reckitt Benckiser, Games Workshop and FTSE newbie Moonpig.
United States markets notched up new record highs yesterday ahead of todays Federal Reserve conference, while Microsoft and Apple are anticipated to post strong incomes later on after Tesla topped assistance last night.
5 things to start your day.
1) Hinkley Point C under hazard from crackdown on China: The plant is because of come online in 2026, supplying 7pc of the nations electrical energy.
2) Tesla posts record revenues of $1.1 bn, but warns on chip lack: Chief executive Elon Musk says chip supply is ” the restricting element on our output”..
3) Amazon faces satellite broadband problem: Regulator is weighing new guidelines which might impact online giants $10bn (₤ 7bn) “Project Kuiper” system to deliver inexpensive and quick broadband to rural locations..
4) Delivery chauffeur crisis could cause empty racks at Christmas: Will motorists go back to UK in time for joyful season?.
5) Sadiq Khan pleads for ₤ 500m bailout as Londoners face cuts to Tube and bus services: Transport for London is to cut weekend and off-peak services..
Full year: FirstGroup, Moonpig, Games Workshop, In The Style.
Asias stock markets was up to fresh troughs on Tuesday led by a 3rd straight session of heavy selling in Chinese internet giants, while bond and currency markets traded on edge ahead of the Federal Reserve policy conference.
Economics: BRC store rate index (UK).
Turning up today.
Elsewhere in Asia, markets were a bit more positive, with Japans Nikkei increasing 0.35 pc, and Australian shares up 0.54 pc. S&P 500 futures dipped 0.1 pc and Euro STOXX 50 futures were broadly consistent.
MSCIs broadest index of Asia-Pacific shares outside Japan fell 0.25 pc to its most affordable level since mid-December, extending a low set the day previously.
The Hong Kong benchmark fell 0.59 pc, its third day of declines, with the Hang Seng Tech index down 2pc to its most affordable because its beginning in July 2020. It is down about 11pc in three days and has actually lost 40pc from a February peak.
Interim: Reckitt Benckiser, Reach, R Walters, Croda, Capital & & Counties, Unite, Vivo Energy.
What took place overnight.