The FTSE is expected to open higher this morning ahead of the Fed’s interest rate decision, although the current slump in the Chinese real estate market is still of concern as Evergrande warns it is likely not to repay its loans this morning. week.

The US Federal Open Markets Committee (FOMC) will also present its latest economic projections and the dot plot of future rate hikes expected later today.

“Investors will be looking to determine whether recent events around the energy price spike and Evergrande have altered the dominant narrative, which, until a week ago, had been that this meeting was a point of move on track for the September salary count, which is due Oct. 8, ”said Michael Hewson of CMC Markets.

“A decent number in October would more or less trigger a timeline for the start of a decrease in asset purchases in December or January.”

5 things to start your day

1) Russia has said to pump more gas into the European market as the winter supply crisis looms: The world’s leading energy authority has issued a rare public rebuke to Russia over a gas shortage as fears grow that Moscow is stoking a winter energy crisis across Europe.

Russia “could do more” to increase the continent’s gas supply and show that it is a “reliable supplier”, the International Energy Agency (IEA) said.

2) Americans place £ 16bn bet on Ladbrokes owner: The bookmaker behind some of Britain’s best-known gambling brands is in talks about a £ 16 billion takeover by Draftkings, the loss-making US sports betting company.

Entain, whose betting operations include Ladbrokes, Coral and Gala, has confirmed it has received an approach from DraftKings that valued bookmaker FTSE 100 at £ 28 per share, or £ 16.4 billion in total.

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