7.20am: Stocks seen higher
Futures had the FTSE 100 just edging higher on Monday, by 2 points to 8,322.
London’s blue chips had racked up a 21-point gain over the course of last week, but ended Friday in losing fashion ahead of a busy week on the macroeconomic front.
Both UK gross domestic product and US inflation figures are due over the coming days as markets look to interest rate decisions by both the Federal Reserve and Bank of England later in the month.
Overnight, Asian markets were largely in the red, with South Korea’s Kospi down 2.8% on continued political uncertainty in the wake of last week’s brief martial law declaration.
5.00am: Monday's schedule
Monday is set to bring a quieter day on the reporting front, before US inflation and UK gross domestic product mark highlights in a busy week.
Announcements due:
US earnings: MongoDB (NASDAQ:MDB) Inc, Oracle Corporation (NYSE:ORCL)
AGMs: Hemogenyx Pharmaceuticals PLC, International Biotechnology Trust PLC, Marwyn Value Investors, Plexus Holdings PLC (LON:PLEX), Softcat (LON:SCTS) PLC
Economic announcements: Wholesales Inventories (US)