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Market Update: UK Stock Futures Point to Higher Open
The FTSE 100 is set to open in positive territory on Tuesday, trying to recover from a two-month low hit on Monday. Worries over China Evergrande Group’s default continued to weigh on sentiment despite expectations that Beijing will not let the crisis spiral out of control, while investors await the US Federal Reserve’s meeting outcome on Wednesday and the Bank of England’s policy statement on Thursday. The Fed will likely signal moves toward scaling back stimulus, while UK policymakers are seen adopting a hawkish tone after inflation hit an over nine-year high. [/s2If]
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