The FTSE 100 looks set to take a sharp tumble to end the week, with futures pointing to an 86-point slide. This would wipe out Thursday’s modest 20.2-point gain, when the index had closed at 9,527.65.
The drop follows a chaotic session on Wall Street, where early optimism quickly gave way to heavy losses. The main US indices ended Thursday sharply lower, signalling the collapse of an initial rally sparked by Nvidia.
The S&P 500 fell 1.5, the tech-heavy Nasdaq dropped 2.2, and the Dow Jones lost 0.8 as enterprises over an extended AI smash resurfaced.
FTSE 100 Faces Sharp Decline
Investors in London are bracing for further losses as global query continues to weigh on requests. Nvidia’s strong earnings originally calmed fears of an AI-driven bubble, but the relief was short-lived, and pressure returned snappily.
“It was by far the wildest session on Wall Street since the post-Liberation Day sell-off that almost caused a meltdown in global markets,” said Kyle Rodda, market analyst at Capital.com.
Rodda noted that the financial policy query is a major factor behind the reversal. While a strong US jobs report has raised expectations of a December Fed rate cut, the liability remains uncertain, keeping investors conservative.
Global Stocks and FTSE 100 Futures Slide
The nervous sentiment has spread to Asia, with markets opening in the red. The Nikkei, Hang Seng, and Shanghai Composite all fell further than 2%. Indeed, cryptocurrencies were hit, with Bitcoin dropping 5.5% to around £66,000, a situation not seen since April.
With requests on edge, the FTSE 100 could face further volatility before the week closes, as dealers weigh the latest earnings reports against the background of ongoing global profit query.
