Nikkei 225 (^N225)

Wall Street follows FTSE lower as traders mull US PCE inflation data and UK budget aftermath

Wall Street stocks fell into the red despite the Federal Reserve’s preferred measure of inflation falling to its lowest level since 2021.

• 
  PCE Inflation Slips to 2.1% Annual Rise, Moves Closer to the Fed’s Target

  Barrons.com
• 
  September US PCE inflation ticks up, as expected

  Reuters

FTSE 100 lower after UK budget raises taxes by £40bn and US markets cautiously higher on GDP data

The slew of policy announcements due from chancellor Rachel Reeves will set the tone for markets in London today.