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FTSE 100 Live: Stocks called higher ahead of key US and UK data

Published 12/12/2023, 06:59
Updated 12/12/2023, 07:10
© Reuters.  FTSE 100 Live: Stocks called higher ahead of key US and UK data
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Proactive Investors - FTSE called higher ahead of key UK and US data.

The FTSE 100 is expected to open higher on Tuesday following gains in the US on Monday and ahead of UK jobs and average earnings figures.

Spread betting companies are calling London’s lead index up by around 19 points after closing down 9.58 points, 0.1%, at 7,544.89

On Wall Street, the Dow Jones Industrial Average closed up 157.06 points, 0.4%, at 36,404.93. The S&P 500 rose 18.07 points, or 0.4%, at 4,622.44, and the Nasdaq Composite advanced 28.51 points, or 0.2%, at 14,432.49.

Later today, US inflation figures will be released while the two-day FOMC meeting kicks off.

Danni Hewson, AJ Bell head of financial analysis, said: "Although no one expects any surprises from central bankers in terms of their decision, it will be their tone and choice of words with the power to send any anticipated Santa rally hurtling in the other direction."

She pointed out "there’s a rather tight rope to walk as bankers try and keep confidence in check without squashing it entirely."

Back in London, and the early focus will be UK unemployment and average earnings figures, a key figure ahead of Thursday’s interest rate decision by the Bank of England.

Read more on Proactive Investors UK

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