US GDP figures anticipated by investors

Many investors using their personal wealth to trade on the stock market are waiting for the release of US gross domestic product (GDP) figures before making their moves today (March 26th), according to one expert.

Joshua Raymond of City Index noted the market ’is expecting no change to last month’s revised 5.9 per cent reading’.

Investors have been staying away from ’building position in the morning session’ until the data comes out, he said, but added they are ’ready to position themselves’ if the results are not as expected.

In London, the FTSE 100 was off 0.27 per cent to 5,711.98 points by 11:42 GMT, while the pan-European FTSEurofirst 300 began the day lower, dropping 0.5 per cent to 1,077.88 at 08:16 GMT, Reuters reports.

Trading in the US yesterday saw a late sell-off of stocks on Wall Street, meaning traders are ’a little hesitant’ today, Mr Raymond observed.

Both the Standard and Poor’s 500 and the Nasdaq were down at the closing bell.ADNFCR-2318-ID-19691268-ADNFCR