FTSE

The FTSE 100 opened down on Wednesday morning, ahead of the a rate decision by the US Federal Reserve and the release of UK inflation figures.

The FTSE is currently down 11 percent at 7,695.21, with other EU markets also seeing a slow start to the day. The German DAX index is down 0.17 percent at 12,821.10, with Spain’s IBEX 35 down 0.63 percent at 9,852.30 (0936GMT).

Fiona Cincotta, Senior Market Analyst at City Index, commented:

“The FTSE 100 opened a touch lower as focus shifted from this week’s historic summit between Donald Trump and the North Korean president onto key central bank interest rate meetings which are due to yield rate decisions and potentially a winding down of the easy money supply in Europe.”

The FTSE’s biggest risers are Evraz plc (LON:EVR), up 2.65 percent, followed by Johnson Matthey (LON:JMAT) and mining company Glencore (LON:GLEN).

The biggest fallers this morning are Just Eat (LON:JE), who have been hit by big expansion plans from competitor Deliveroo and are trading down 7.88 percent, BT Group )LON:BT.A) and Fresnillo (LON:FRES).

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