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FTSE 100 Live: Modest gains expected after the long weekend

Published 29/08/2023, 07:08
© Reuters FTSE 100 Live: Modest gains expected after the long weekend
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Proactive Investors - The FTSE 100 is expected to edge higher after the extended weekend after gains in the US and news UK shop price inflation decelerated further in August.

Spread betting companies are calling London’s lead index up by 4 points after closing up 0.1% at 7,338.58 on Friday.

UK shop price inflation decelerated further in August, data showed on Tuesday, presenting some "better news for consumers".

According to the latest British Retail Consortium-NielsenIQ tracker, the annual shop price inflation rate cooled to 6.9% in August from 8.4% in July.

Chinese stocks extended Monday's gains after China's regulators decided to slash the tax paid on stock trades for the first time since 2008, while in the US, stocks ended higher, with the Dow and the S&P 500 both up 0.6%, and the Nasdaq Composite up 0.8%.

Back in London, and the early focus will be an update from Bunzl (LON:BNZL).

Read more on Proactive Investors UK

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