(MENAFN- ProactiveInvestors) Stocks in London are expected to be slightly lower as they start trading on Tuesday.
Eurozone and Greek worries continue to linger in the minds of investors as negotiations between finance chiefs and the anti-austerity Syriza government have made slow progress.
Experts predict that Greece’s funds are dwindling and a cash-for-reform deal must be reached sooner rather than later either this month or next.
Elsewhere investor confidence also took a knock from a drop in oil prices and as there were continued concern for the Chinese economy which has seen a third interest rate cut in six months.
On Wall Street the Dow Jones closed Monday around 85 points 0.47% lower at 18105 while the S&P 500 ended the session down 0.51% at 2105. The NASDAQ fared only slightly better down 0.2% for the day as it ended back below 5000.
Similarly most markets in Asia are also on the back foot. Japan’s Nikkei and Hong Kong’s Hang Seng both shed about 0.2% while the Indian Sensex pulled back 1.6%.
Rising 1.25% the Shanghai Composite was in positive territory rising and so was Aussie benchmark the ASX 200m which was up around 0.8%.
London’s FTSE 100 is predicted to start Tuesday in red with CFD and spreadbetting firm IG Market calling the open around 10 points lower at 7012 to 7019.
In terms of Tuesday’s business news the diary looks a little meagre with EasyJet among few anticipated corporate updates.
EasyJet sends out its first-half numbers and according to IG the market is expecting revenue of £1.79bn and an adjusted net loss of £2mln for the airline. The numbers follow a record profit for the low-cost carrier in 2014 as better customer service levels and low fuel costs helped out.
The budget airline reported some good traffic figures for March but investors have also seen a strike by French traffic controllers and a steady recovery in the oil price.
Tuesday
Interims: easyJet ()
Finals: () Experian ()
Trading statements: Just Retirement (LON:JRG) ()
Economic data: UK CPI UK RPI US Housing stats German ZEW Survey
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