FTSE 100 Live 01 November: Index steadies after big sell off, US tech stocks slide

The FTSE 100 scale is acceptable for a steadier league aft yesterday’s 0.6% diminution near London’s apical formation astatine its lowest level successful astir 3 months.

Futures trading points to a level opening astatine 8112, a level that compares with 8250 astatine the commencement of the week.

Global banal marketplace sentiment has been shaken by fears implicit higher-for-longer involvement rates, with the S&P 500 scale past nighttime down by 1.9%.

Tech stocks bore the brunt of dense selling connected Wall Street arsenic Nvidia shares closed down by 4% and Microsoft mislaid 6% successful a post-results sell-off.

In the UK, housebuilders including Persimmon fell by arsenic overmuch arsenic 7% aft the Budget dented the outlook for involvement complaint cuts.

The 10-year gilt output this greeting opened astatine 4.43%, having been astatine 4.17% astatine the commencement of the week. The lb is astatine $1.289.