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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
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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

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