{"id":128903,"title":"FTSE 100 set to open lower as global markets retreat","publisher":"Share Talk","author":"sharetalk","published":"2025-11-04T07:42:49+00:00","modified":"2025-11-04T07:42:49+00:00","canonical_url":"https://www.share-talk.com/ftse-100-set-to-open-lower-as-global-markets-retreat/","markdown_url":"https://www.share-talk.com/ftse-100-set-to-open-lower-as-global-markets-retreat.md","json_url":"https://www.share-talk.com/ftse-100-set-to-open-lower-as-global-markets-retreat.json","category":"B2B","categories":["B2B","Blogs","Technology","Technology, Media & Telecoms"],"tags":["Bank of America","Bank of England","banking","BARC","Barclays","Benchmark","BoE","buyback","Chancellor","childcare","CME Group","consumers","Coverage","CS Venkatakrishnan","Deutsche Bank","domestic","energy bill","England","FCA","Fed","Federal Deposit Insurance Corporation","Federal Reserve","FREE","FTSE 100","FTSE 250","FTSE100","futures","Goldman Sachs","household","HSBC","HSBC Holdings","Inflation","investors","Jeremy Hunt","Legal & General","lending","Lloyds Banking Group","London","MCP","midcap index","Monetary Policy Committee","NatWest Group","Ofgem","pandemic","price cap","Prime Minister","program","Prudential","Qatar","Regulators","Rishi Sunak","SEC","Serious Fraud Office","share","Share Talk","ShareHolders","silicon valley","Silicon Valley Bank","SIVB","SVB","The Bank of England","Traders","Treasury","UK","Underground","USA","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/FTSE-100-31-oct-scaled.webp?fit=1200%2C900&quality=80&ssl=1","format":"news","language":"en-GB","content":"The **FTSE 100** is expected to open **sharply lower on Tuesday**, with **futures indicating a 40-point drop**, as global equity markets extend their cautious tone.\n\nThe London benchmark **fell 15.88 points (0.16%) on Monday to 9,701.37**, starting November on the back foot despite recent strength. However, sentiment could **improve later in the session** if **positive quarterly results** from **BP** and **Primark owner Associated British Foods (AB Foods)** help lift investor confidence.\n\nOvernight, **Wall Street** offered a mixed picture — the **Dow Jones Industrial Average** fell **0.5%**, while the broader **S&P 500** rose **0.17%** and the **Nasdaq Composite** gained **0.46%**, supported by strength in major technology stocks.\n\nIn **Asia**, markets traded firmly in the red, with **Japan’s Nikkei** down **1.7%** and **Hong Kong’s Hang Seng** falling **0.7%**, reflecting weaker global risk appetite ahead of key economic data and central bank meetings later in the week.\n\n#### **Goldman Sachs says Reeves’s budget could lower borrowing costs — but tax rises likely**\n\n**Analysts at Goldman Sachs** expect **Chancellor Rachel Reeves’s upcoming budget** to help **reduce government borrowing costs**, provided she **reassures bond markets** of her commitment to **tackling the deficit**.\n\nIn a research note to clients issued on **Friday**, Goldman said the chancellor’s **fiscal measures and pre-budget signals** could **lower the yield on 10-year UK government bonds by up to 0.2 percentage points** over the next decade.\n\nThe bank also suggested that Reeves may opt for **targeted tax rises** to balance the public finances and strengthen confidence among investors after a period of elevated gilt yields and fiscal uncertainty.\n\nGoldman added that credibility with markets will be key to ensuring the government can **sustain lower long-term borrowing costs** while pursuing its **growth and investment agenda.**"}