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FTSE awaits US data and Yellen but Capita falls on outlook concerns

Discussion in 'Market News' started by Lily, May 27, 2016.

  1. Lily

    Lily Forum Member

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    Outsourcing group hit by broker downgrade on earnings worries

    Leading shares are struggling for direction ahead of US data and a public appearance by Federal Reserve chair Janet Yellen.

    On top of that, investors are cautious ahead of the long weekend after G7 leaders added to the chorus suggesting that the UK leaving the European Union would be a threat to global growth.

    It’s a broadly flat start to trade in London once again as the FTSE-100 attempts to cling onto the gains we saw posted at the start of the week. Brent Crude may have failed to regain its hold on the $50 a barrel mark, but commodity stocks are still finding favour, helped in no small part by US dollar weakness amidst the idea that the Fed may not be in a position to hike rates next month as had been earlier thought.

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