FTSE 100 falls as markets await US Federal Reserve decisions


UK stock markets fell on Wednesday as investors waited for the US Federal Reserve to deliver its forecasts for the economy and decision on interest rates.

The FTSE 100 index dropped 0.4 per cent to 6,775.29 in early trading. Mining stocks including Anglo American and Evraz were among the biggest falls, both down 2.2 per cent.

Shares had been boosted on Tuseday by AstraZeneca which gained 3 per cent after the European Medical Agency reiterated its firm backing for the firm’s Covid-19 vaccine. Royal Dutch Shell lost 1 per cent.

Global shares mostly fell in muted trading as world markets cautiously awaited the US central bank’s assessment.

France’s CAC 40 slipped 0.1 per cent in early trading to 6,048.72, while Germany’s DAX gained nearly 0.1 per cent to 14,568.97.

US shares were set to be little changed with Dow futures at 32,727. S&P 500 futures were less than 0.1 per cent lower at 3,951.12.


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