Live: Gold hits new high amid global uncertainty
UK equity markets appear poised for a lower open this morning, following the US markets’ overnight decline.
However, the NASDAQ index of tech stocks reached a new all-time high yesterday and so did the price of gold, which continues to head higher on speculation the Federal Reserve will cut interest rates further throughout the rest of the year.
Here in the UK, we are expecting corporate news from Computacentre and home furnishing retailer Dunelm.
In London, there’s also the continuation of the tube strikes, which started earlier this week and have caused huge disruption across the country.
Traders will also be watching events in France.
The European nation has been plunged into a new political crisis with the defeat of Prime Minister Francois Bayrou at a confidence vote in the National Assembly.
The defeat – by 364 votes to 194 – means that Bayrou will tomorrow present his government’s resignation to President Macron, who must now decide how to replace him. Macron’s office said this would happen “in the coming days”.