FTSE 100 Live 10 July: Chancellor to set out City reforms, shares seen flat

News Snapshot:

Markets flat amid focus on China and US inflation European stock markets remain under pressure after last week’s worst performance since March. CMC Markets expects the FTSE 100 index to open three points lower at 7254, while benchmarks in Paris and Frankfurt are also forecast to trade near their opening marks. Last week’s hefty sell-off was driven by softer economic data at a time when central banks are showing no signs of easing up on interest rate rises. Today’s uncertain start reflects caution ahead of Wednesday’s June US inflation reading, which is expected to show a further drop in the...