1st August 2012
The FTSE 100 closed down 45.97 points, or 0.8 per cent, at 5,647.66 on Tuesday (July 31st) ending its three-day upturn.
Reuters reports that it is seen as opening today at a further drop of five to seven points, as the blue chip index is expected to be affected by the European Central Bank's (ECB) hesitancy in providing fresh stimulus to halt the global economic slowdown.
Also comments from German policymakers further added to the gloom surrounding the eurozone.
Despite yesterday's decline, the FTSE 100 enjoyed a positive July - ending the month two per cent up.
Today, will see a large amount of PMI data published, including a UK manufacturing PMI.
Investors are expecting the figures to show a further slow down across the sector with forecasts slipping from 48.6 down to 48.5, while similar data from the US is expected to show a 0.5 expansion to 50.2.
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