The FTSE 100 has started the week on the back foot, currently down 0.6% to 8,196.35 in early Monday trading on June 10, 2024, following Friday’s 0.48% decline, which saw London’s blue-chip index closed down almost 40 points at 8245.37 on Friday.
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EARNINGS RELEASES & ECONOMIC EVENTS
There are two key releases this week regarding UK economic data. On Tuesday, the latest unemployment data will be reported, with the unemployment rate expected to be unchanged at 4.3%. In addition, UK GDP data will be reported on Wednesday. The forecast is for the month-on-month reading to come in at 0.2%, slightly below the previous reading of 0.4%.
When it comes to the UK corporate diary, one of the biggest names providing an update this week is Tesco, which will post its Q1 trading statement on Friday, June 14. Elsewhere, FirstGroup will report its full-year results on Tuesday, while GB Group and Oxford Instruments will also provide updates this week.
FOREX & GOLD
As of 08:07 am, the pound has edged around 0.02% higher to 1.2717 after closing Friday’s session down 0.59% at 1.2715. The euro has gapped lower and is currently down 0.43% at 1.0750 after the weekend’s European Parliament elections. It had closed Friday down 0.83% at 1.0797 after the rally in the US dollar following the latest US jobs data.Â
Gold is currently at $2,2290 after falling 0.14%.
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YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.