The FTSE 100 is trading sideways at a lower level as US benchmarks are down 0.9%

The FTSE 100 is trading sideways at a lower level as US benchmarks are down 0.9%

  • The FTSE 100 index brings 73 points

  • Sterling was stable at around $ 1.2850

  • US benchmarks open 0.9% less

Just over a dozen Footsie constituents hold on to gains as investors switch to risk mode.

You have many reasons to quash the hatches: weak Chinese trade data; the likelihood of political chaos following Brexit's vote in parliament, the strength of the pound, the closure of the US government, and a poor start today on Wall Street.

The FTSE 100 dropped 67 points (1.0%) to 6,851. On the other side of the pond, the Dow Jones had dropped 238 points (0.9%) at 23,778 and 24.4 points (0.9%) at 2,571.8.

"If the House of Commons rejects, as is likely, the Brexit agreement of Prime Minister Theresa May (the vote will start on January 15 at 7:00 pm), hell could go wrong if the various factions of parliament scrutinize Brexit Fighting processes. In the end, we expect Britain to reach a semi-soft or soft Brexit (55% probability) or completely reverse Brexit and stay in the EU – probably after a second referendum (25% chance), "said.