Stocks called up ahead of UK unemployment

December 12, 2023 at 01:48 am EST

(Alliance News) - Stocks in London are set to open up slightly on Tuesday, ahead of UK unemployment data, which is out shortly.

IG says futures indicate the FTSE 100 to open up 6.6 points, 0.1%, at 7,558.50 on Tuesday. The index of London large-caps closed down 9.58 points, 0.1%, at 7,544.89 on Monday.

Stocks are called up marginally ahead of a key week for investors and central bank policymakers. On Wednesday, markets will be eyeing an interest rate decision from the US Federal Reserve, while the European Central Bank and the Bank of England will make their own decisions on Thursday.

The Bank of England, European Central Bank and US Federal Reserve are all expected to leave interest rates unchanged this week.

Ahead of those, US consumer prices figures will be released on Tuesday afternoon, but before that there is UK unemployment data at 0700 GMT.

In the US on Monday, Wall Street ended higher, with both the Dow Jones Industrial Average and the S&P 500 up 0.4% and the Nasdaq Composite up 0.2%.

In Asia on Tuesday, the Nikkei 225 index in Tokyo was up 0.2%. In China, the Shanghai Composite was up 0.3%, while the Hang Seng index in Hong Kong was up 1.1%. The S&P/ASX 200 in Sydney closed up 0.5%.

China's President Xi Jinping will visit Vietnam for the first time in six years on Tuesday seeking to counter the US' growing influence with the communist nation.

Xi will meet the leader of Vietnam's ruling Communist Party, Nguyen Phu Trong, after it upgraded its diplomatic ties with Washington when US President Joe Biden visited in September.

Biden's visit was part of US efforts around the world to contain China's rising economic power – and to secure supplies of crucial materials needed for high-tech manufacturing.

Sterling was quoted at USD1.2580 early Tuesday, higher than USD1.2545 at the London equities close on Monday. The euro traded at USD1.0772 early Tuesday, higher than USD1.0746 late Monday. Against the yen, the dollar was quoted at JPY145.43, lower versus JPY146.52.

Gold was quoted at USD1,987.88 an ounce early Tuesday, higher than USD1,981.92 on Monday. Brent oil was trading at USD76.46 a barrel early Tuesday, higher than USD75.41 late Monday.

Tuesday's local corporate calendar has annual results from Chemring, a provider of technology products and services to aerospace, defence and security markets.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
NIKKEI 225	38,923 PTS	+1.13%	+0.72%	-
DOW JONES INDUSTRIAL	38,686 PTS	+1.51%	-0.98%	-
HONG KONG HANG SENG	18,403 PTS	+1.79%	-1.11%	-
NASDAQ COMPOSITE	16,735 PTS	-0.01%	-1.10%	-
FTSE 100	8,298 PTS	+0.27%	-0.15%	-
S&P/ASX 200	7,761 PTS	+0.77%	-0.65%	-
S&P 500	5,278 PTS	+0.80%	-0.51%	-
S&P/CITIC 50 INDEX	3,313 PTS	+0.43%	-1.76%	-
S&P/CITIC 300 INDEX	3,270 PTS	+0.28%	-1.57%	-
S&P UNITED KINGDOM (PDS)	1,681 PTS	+0.21%	-0.50%	-
MSCI UNITED KINGDOM (STRD)	1,254 USD	-0.06%	-0.68%	-
CHEMRING GROUP PLC	396 GBX	+2.59%	+2.43%	1.34B
BRITISH POUND / JAPANESE YEN	199.4 JPY	-0.44%	+0.17%	-
EURO / JAPANESE YEN	170.2 JPY	-0.21%	+0.31%	-
US DOLLAR / JAPANESE YEN	157.1 JPY	-0.07%	+0.04%	-
CANADIAN DOLLAR / JAPANESE YEN	115 JPY	-0.34%	+0.62%	-
AUSTRALIAN DOLLAR / JAPANESE YEN	104.3 JPY	-0.27%	+0.69%	-
NEW ZEALAND DOLLAR / JAPANESE YEN	96.45 JPY	-0.18%	+0.80%	-
BRENT CRUDE OIL SPOT	81.35 USD	+0.71%	-0.97%	-
WTI	77.04 USD	0.00%	-0.89%	-
INDIAN RUPEE / JAPANESE YEN	1.89 JPY	+0.23%	+0.24%	-
BRITISH POUND / US DOLLAR	1.27 USD	-0.36%	+0.12%	-
BRITISH POUND / EURO	1.172 EUR	-0.23%	-0.18%	-
EURO / US DOLLAR	1.084 USD	-0.14%	+0.27%	-
US DOLLAR / EURO	0.9224 EUR	+0.11%	-0.27%	-
CANADIAN DOLLAR / US DOLLAR	0.7319 USD	-0.25%	+0.52%	-
CANADIAN DOLLAR / EURO	0.6756 EUR	-0.14%	+0.33%	-
NEW ZEALAND DOLLAR / US DOLLAR	0.6141 USD	-0.10%	+0.75%	-
AUSTRALIAN DOLLAR / EURO	0.6126 EUR	-0.09%	+0.38%	-
JAPANESE YEN / SWISS FRANC	0.5743 CHF	+0.16%	-1.39%	-
INDIAN RUPEE / US DOLLAR	0.012 USD	+0.33%	0.00%	-
INDIAN RUPEE / EURO	0.0111 EUR	+0.41%	0.00%	-

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