Proactive Investors - The FTSE 100 is expected to open little changed on Monday as investors look ahead to an appearance before the US Congress by the chair of the Federal Reserve tomorrow.
Spread betting companies are calling the lead index up by one point.
Michael Hewson at CMC Markets said: “As we look ahead to this week the main focus, apart from Wednesday’s ADP, and Friday’s payrolls report, will be on Fed chair Jay Powell’s testimony to US lawmakers tomorrow and Wednesday where he is likely to be quizzed on how he sees the US economy in light of recent strong data, and what measures the Fed might feel inclined to take if the data continues to come in strong.”
In Asia on Monday, the Nikkei 225 index in Tokyo closed up 1.1%. In China, the Shanghai Composite was down 0.3%, while the Hang Seng index in Hong Kong was up 0.3%.