🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

FTSE 100 Live: Stocks to plummet after Israel commences attacks on Iran

Published 19/04/2024, 07:25
© Reuters.  FTSE 100 Live: Stocks to plummet after Israel commences attacks on Iran
UK100
-
EMG
-

Proactive Investors - Month-on-month retail sales stayed flat in March, undershooting consensus expectations of 0.3% growth.

Year on year, they added 0.8% after falling 0.3% in February.

Commenting on today’s data print, ONS senior statistician Heather Bovill said: “Retail sales registered no growth in March. Hardware stores, furniture shops, petrol stations and clothing stores all reported a rise in sales.

“However, these gains were offset by falling food sales and in department stores where retailers say higher prices hit trading.

“Looking at the longer-term picture, across the latest three months retail sales increased after a poor Christmas.”

Stocks to fall over 70 points

The FTSE 100 is expected to plummet when markets open today as tensions between Iran and Israel tip further into all-out conflict.

US officials confirmed that Israel carried out an attack on Iran overnight, following days of knife-edge tensions.

Blue chips are also being impacted by a poor showing from US stocks, with the S&P 500 chalking up its fifth straight day of losses yesterday.

On today’s macroeconomic calendar, retail sales were shown to have stayed flat month on month in March, undershooting the 0.3% rise anticipated by analysts. Year on year, retail sales added 0.8%.

There is little in the way of company earnings today, barring an update from FTSE 250-listed fund manager Man Group PLC (LON:EMG).

Futures contracts have the footsie opening 72 points lower at 7,812.

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.