The FTSE 100 Rallies Monday – Here’s What to Look Out For This Week

The FTSE 100 has started the week very strongly, climbing 0.96% to 8,354.45 in early Monday trading on June 3, 2024, following Friday’s 0.54% rise, which saw London’s blue-chip index closed up 44.33 points at 8275.38 on Friday. The rise follows the late rally in US equities on Friday.

EARNINGS RELEASES & ECONOMIC EVENTS

When it comes to UK economic data, there are only a few data points investors may want to look out for. Today, the S&P Global Manufacturing PMI data for the UK will be reported, while new car sales data will be released on Wednesday and the Halifax House Price Index will be published on Friday.  

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The UK corporate diary is tapering down slightly, with Hollywood Bowl reporting today. Meanwhile, British American Tobacco will post an update on Tuesday, and B&M Value Retail will report on Wednesday.

Elsewhere, the European Central Bank will provide its latest interest rate decision on Thursday, while US non-farm payroll data will be reported on Friday.

FOREX & GOLD

As of 08:09 am, the pound has declined around 0.06% to 1.2732 after closing Friday’s session up 0.06% at 1.7540. The euro has risen by 0.05%  to 1.0852 after closing Friday up 0.14% at 1.0847. 

Gold is currently at $2,325 after falling 0.9%.