FTSE 100 Likely to Make A Soft Start Tailing Asian Peers

The benchmark index of London, FTSE 100, is likely to have a soft start tailing the weakness in the Asian peers and decline in the US markets, which remain impacted by the US$ 20 billion margin call of Archegos Capital.  The FTSE 100 futures were also trading in red, down by 0.32 per cent at 0734 HRS GMT this morning.

The FTSE 100 index though had managed a positive close in last session, moving up by 0.53 per cent 6,772.12 on Tuesday, led by financial firms like Barclays and Lloyds. The index was at its best in last two weeks as the trades were encouraged by the positive sentiments around Europe with a focus on a resilient recovery.