Welcome back to City AM‘s FTSE 100 live blog.
London’s blue-chip index is poised to dip this morning as tech stocks rebound after a sell-off earlier in the week.
Over in Asia, equities bounced back overnight, reversing some of the losses from a heavy selling session after investors ditched their tech exposure following questions around cloud company Corewave’s debt pile fuelling fears of AI financing.
South Korea’s Kospi climbed 2.8 per cent, following on from a near eight per cent plunge the day prior.
Meanwhile, Brent crude was trading above $105 per barrel on Friday morning, putting it on track for a weekly gain following mounting supply concerns in the Middle East. It comes after broader nerves around the safety of shipping routes in the region after the US Central Command confirmed a Singapore-flagged container ship was sank by an Iranian projectile.
Stick with us throughout the day for the latest news from the London Stock Exchange and the wider business world, as soon as we get it.
Here’s a few of our top headlines this morning
- Robert Jenrick hits out at Deloitte and KPMG over job cuts
- Fifa still refusing to share World Cup sell-off papers, says FA chair
- Lloyd’s underwriters seek to halt £45m legal cover for Petrofac bribery defendants
- Why Peppa Pig and the Lionesses is a partnership to bring home the bacon
- Nvidia’s $250m UK AI bet sparks warning over ‘foreign dependence’