London Stocks Seen Opening Lower0749 GMT - The FTSE 100 index is expected to open 22.7 points lower, according to IG, having closed Thursday at 7279.91, tracking falls in Asian stocks. Caution is likely ahead of U.S. non-farm payrolls data, while U.K. stocks are likely to retrace some of Thursday's gains after the Bank of England unexpectedly left interest rates unchanged, failing to raise them as most had expected. Evidence of a resurgence in the U.S. jobs market could spark speculation about further U.S. monetary tightening, IG says. "Despite the FOMC having kick-started the tapering process this week, traders will begin to question when rates will begin to rise," IG says. (renae.dyer@wsj.com)Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com(END) Dow Jones NewswiresNovember 05, 2021 04:10 ET (08:10 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.

Source: Wall Street Journal November 05, 2021 20:22 UTC