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FTSE 100 Live 31 October: China manufacturing slows, Dow Jones set for best month since 1976

News Snapshot:

Rates hopes lift Dow Jones, FTSE 100 seen higher A fourth successive 0.75% interest rate rise by the US Federal Reserve is seen as a near certainty on Wednesday, with clues on the subsequent path of hikes the key focus. Deutsche Bank’s economists believe that 0.75% is also likely in December, but note that two payroll reports and two sets of inflation figures are due before the meeting. They believe January could mark the start of a downshift, whilst still seeing upside risks to their terminal rate expectation of 5% given the recent inflation data. Hopes of a slowing in…

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