The index was flat this morning after chipmaker Nvidia and data storage company Snowflake both released disappointing guidance overnight.

The release of minutes from the US Federal Reserve’s May meeting did not cause any turmoil as it didn't reveal anything new. Half point rises are expected in June and July, and the Fed is ready to go beyond neutral rates, if needed, to curb inflation.

In other news, Business Secretary Kwasi Kwarteng initiated a review of the 18% stake held in BT by Altice – led by French billionaire Patrick Drahi - under the National Security and Investment Act. This comes after Altice raised its stake from 12 to 18% in December.

 

Things to read today:

SEC Proposes More Disclosure Requirements for ESG Funds (WSJ)

Fed officials raised possibility of ‘restrictive’ policy to fight inflation (Financial Times)