(Alliance News) -Â Stock prices in London are set for a higher start to the week despite a lack of drivers with the US market shut for a holiday on Monday.
In early UK company news, Unilever set out the strategic rationale behind its approach for GSK Consumer Healthcare, housebuilder Taylor Wimpey backed market forecasts after seeing strong demand in 2021, and Ashmore reported a decline in assets under management.
IG says futures indicate the FTSE 100 index of large-caps to open up 22.15 points, or 0.3%, at 7,565.10 on Monday. The FTSE 100 closed down 20.90 points, or 0.3%, at 7,542.95 on Friday.
“Today’s market open looks set to see European stocks open higher, with the main focus this week, away from US earnings, set to be on the latest wages, unemployment and inflation numbers from the UK economy, and the Bank of Japan tomorrow,” said CMC Markets chief market analyst Michael Hewson.
UK unemployment is out on Tuesday and inflation out on Wednesday. The annual inflation reading is expected to come in at 5.2% for December, according to FXStreet consensus, which…
