FTSE 100 down but off session lows, Truss rules out a windfall tax on energy companies

Summarized by: Live Sports Direct
 
FTSE 100 down but off session lows, Truss rules out a windfall tax on energy companies

FTSE 100 is down 50.58 points at 7,249.86. The Dow Jones Industrial Average futures are flat pre-market. Futures for the broader S&P 500 index were up 0.1%, and Nasdaq-100 futures were 0%. The three major US indices fell on Tuesday. US bond yields spiked and the dollar extended its rally. The price of UK sovereign debt rose by 2 basis points on Wednesday. It is the highest level since June 2020. CDS is similar to an insurance contract. Investors are worried about the prospect of more interest rate hikes, elevated inflation and a stronger dollar.


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