FTSE 100 inches higher as global markets cautious ahead of US election
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 finished higher after a largely cautious trading session, with uncertainty over the US election casting a shadow on global trading. Many were also looking firmly towards major interest decisions in the US and UK later in the week as the equity markets remained fairly subdued. “US factory orders fell for a second month but the market seemed more interested in Thursday’s US Fed rate decision at which another 0.25 percentage point rate cut is firmly priced in.” Meanwhile, sterling lifted as worries about the US election weighed on the dollar. In company news, mining giant Anglo American slipped marginally after it struck a deal to sell its stake in an Australian coal joint venture for 1.6 billion Australian dollars.