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FTSE 100 Live: Bright start expected ahead of US CPI

Published 11/01/2024, 07:07
Updated 11/01/2024, 07:10
© Reuters.  FTSE 100 Live: Bright start expected ahead of US CPI

Proactive Investors - FTSE 100 called higher ahead of US CPI.

The FTSE 100 is expected make a positive start to the day after US stocks rallied ahead of today's US inflation figures.

Spread betting companies are calling London's blue-chip index up by around 30 points after closing down 32.20 points at 7,651.76 on Wednesday.

"Today's December inflation numbers have the potential to either add to the expectation of a move in March, or push it out until later in the year," said CMC Markets UK chief market analyst Michael Hewson.

Economists expect the US headline consumer price index to edge up to 3.2% annually in December, from 3.1% in November.

However, core inflation - which excludes food and energy - is expected to cool to 3.8% from 4.0%.

In the US on Wednesday, Wall Street ended higher, with the Dow Jones Industrial Average up 0.5%, the S&P 500 up 0.6% and the Nasdaq Composite up 0.8%.

Back in London, and retailers are once again in the spotlight with updates from Tesco (LON:TSCO) and M&S, while Premier Inn owner, William Hill is also due to update investors.

Read more on Proactive Investors UK

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