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FTSE 100 Live: Stocks to hit yet another record

Published 08/05/2024, 07:20
© Reuters FTSE 100 Live: Stocks to hit yet another record
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Proactive Investors - The FTSE 100 is expected to gain 15 points to 8334 when markets open today after notching up a new record on Tuesday.

Blue chips flew a full 100 points yesterday as all but three of the top-30 constituents chalked up green candlesticks, thanks to optimism about interest rates coming down soon.

The Bank of England convenes tomorrow and while a cut is not widely expected, attention will be on forward guidance and messaging.

There is no major macroeconomic news today, barring used car prices in the US this afternoon.

On the company news front, Boohoo (LON:BOOH) and JD Wetherspoon (LON:JDW) will soon have their earnings out, while Shopify, Airbnb Uber (NYSE:UBER) and Arm report in the US

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