NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

FTSE 100 Live: Stocks set to start 2024 on the front foot

Published 02/01/2024, 06:59
Updated 02/01/2024, 07:10
© Reuters. FTSE 100 Live: Stocks set to start 2024 on the front foot
UK100
-

Proactive Investors - Stocks called higher ahead of PMI figures.

The FTSE 100 is expected to start the New Year on the front foot amid a raft of manufacturing PMI data, including for the UK.

Spread betting companies are calling London’s blue-chip index up by around 10 points after closing up 10.50 points at 7,733.24 on Friday.

In Asia, China's manufacturing sector saw a slight expansion in activity last month, according to survey data.

The Caixin purchasing managers' index edged up to 50.8 points in December from 50.7 in November.

Figures for the UK will be released at 0930 GMT.

Investors will also be reacting to data which showed UK shop price inflation was unchanged at 4.3% in December, its lowest level in a year and a half.

However, the British Retail Consortium warned that cost pressures threaten to put an end to easing inflation in 2024.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.