---
title: "London stocks set for muted start before ECB decision"
publisher: "Share Talk"
author: "sharetalk"
published: "2026-09-10T06:25:02+00:00"
modified: "2026-09-10T06:25:02+00:00"
date: 2026-09-10
canonical: "https://www.share-talk.com/london-stocks-set-for-muted-start-before-ecb-decision/"
category: "Blogs"
categories: ["Blogs", "Technology", "Technology, Media & Telecoms"]
tags: ["Asia", "Bangkok", "Denmark", "Endeavour Mining", "Fed", "Federal Reserve", "Finland", "FRANCE", "FTSE 100", "GERMANY", "Glencore", "Greenland plan", "Hong kong", "Japan", "London", "Manila", "mining stocks", "Mumbai", "Nasdaq Composite", "NATO alliance", "Netherlands", "Nikkei 225", "Norway", "S&P 500", "shanghai", "Singapore", "Sweden", "Sydney", "Taiwan", "UK", "United States", "Wall Street", "Wellington"]
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---

# London stocks set for muted start before ECB decision

**Published:** September 10, 2026
**Author:** sharetalk
**Categories:** Blogs, Technology, Technology, Media & Telecoms
**Tags:** Asia, Bangkok, Denmark, Endeavour Mining, Fed, Federal Reserve, Finland, FRANCE, FTSE 100, GERMANY, Glencore, Greenland plan, Hong kong, Japan, London, Manila, mining stocks, Mumbai, Nasdaq Composite, NATO alliance, Netherlands, Nikkei 225, Norway, S&P 500, shanghai, Singapore, Sweden, Sydney, Taiwan, UK, United States, Wall Street, Wellington
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---

London’s FTSE 100 is expected to open broadly flat on Thursday as investors await the **European Central Bank’s latest interest-rate decision**, while elevated oil prices and rising global bond yields continue to weigh on sentiment.

Futures indicate the **FTSE 100 will open just 4 points higher at around 10,671.98**, following Wednesday’s sharp 141.6-point, or 1.3%, decline to 10,670.06.

Wall Street fell for a third straight session on Wednesday, with the Dow Jones Industrial Average down 405 points, or 0.8%, while the S&P 500 fell 0.5% and the Nasdaq Composite declined 0.6%.

Markets remain under pressure from a combination of **oil above $100 a barrel, rising inflation expectations and climbing government bond yields**, increasing concerns that central banks could be forced to maintain tighter monetary policy.

US Treasury yields continued to rise despite the Treasury Department announcing plans to **triple long-term bond buybacks to as much as $6 billion**.

The yield on the benchmark **10-year US Treasury climbed to 4.84%** on Thursday morning from 4.81% on Wednesday, while the 30-year yield increased to **5.29% from 5.26%**.

The previous session saw the 10-year yield approach 4.86%, while the 30-year briefly moved above 5.31%.

The Treasury’s expanded buyback programme had been intended to help calm conditions in the bond market, but investors had reportedly been anticipating purchases of as much as $8 billion to $10 billion.

Quintex Intel analyst Stephen Innes said the announcement consequently fell short of market expectations, triggering another move higher in yields. A strong 10-year Treasury auction later in the session provided some relief but failed to reverse the broader pressure.

Oil remains another major concern for investors after **Brent crude broke through $100 a barrel for the first time since July** amid escalating conflict between the US and Iran.

Brent eased slightly to **$100.62 a barrel on Thursday morning**, compared with $101.07 at Wednesday’s London close, but remains at levels likely to increase concerns over energy-driven inflation.

Asian markets followed Wall Street lower overnight. Japan’s Nikkei 225 fell 0.4%, China’s Shanghai Composite declined 0.5%, Hong Kong’s Hang Seng dropped **1.3%**, and Australia’s S&P/ASX 200 lost 1.2%.

Commodity markets remained elevated, with **gold trading around $4,428 an ounce**, while copper stayed close to record territory after three-month prices reached **$14,728 a tonne** this week.

Copper has been supported by tight supplies alongside growing demand from **electricity grids and artificial-intelligence infrastructure**, as well as uncertainty surrounding tariffs.

**Bitcoin** was trading near **$78,500**, having slipped around 0.5%.

Attention now turns to the **European Central Bank’s rate decision**, alongside another important batch of inflation data.

US producer prices and weekly jobless claims are due at 1330 BST on Thursday, ahead of the more closely watched **US consumer inflation figures on Friday**. German inflation data is also due earlier in the session.

On the UK corporate calendar, **Primark owner Associated British Foods and electrical retailer Currys** are scheduled to issue trading updates.

With Brent remaining above $100 and government borrowing costs continuing to climb, **the ECB decision and upcoming US inflation figures are likely to be key drivers for markets as investors reassess the outlook for global interest rates**.

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