---
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"
date: 2025-11-04
canonical: "https://www.share-talk.com/ftse-100-set-to-open-lower-as-global-markets-retreat/"
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"]
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"
---

# FTSE 100 set to open lower as global markets retreat

**Published:** November 4, 2025
**Author:** sharetalk
**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)

---

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.

The 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.

Overnight, **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.

In **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.

#### **Goldman Sachs says Reeves’s budget could lower borrowing costs — but tax rises likely**

**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**.

In 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.

The 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.

Goldman 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.**

---

**Original URL:** https://www.share-talk.com/ftse-100-set-to-open-lower-as-global-markets-retreat/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*