FTSE opens higher ahead of key data

first_img Tags: NULL FTSE opens higher ahead of key data whatsapp The FTSE 100 rose on opening this morning with heavyweight miners likely to be buoyed by a softer dollar after the Group of 20 major economies agreed to avoid competitive currency devaluations.The blue chip index looks set to gain 43 to 48 points, or as much as 0.8 percent, according to financial bookmakers, after it closed 16.49 points, or 0.3 percent, lower at 5,741.37 on Friday, retreating after hitting a six-month closing high in the previous session.In terms of domestic economic data, preliminary third-quarter GDP data, due on Tuesday, should attract a lot of attention.With nothing significant due on Monday, investors will look ahead to releases later in the week including the October Nationwide house price index on Thursday along with October’s CBI distributive trades survey, with GfK October consumer confidence data due after the market’s close that day.On Friday, investors will look at Bank of England September consumer credit, mortgage lending and mortgage approvals data.On the other side of the Atlantic, a speech by Federal Reserve Chairman Ben Bernanke, could outline details of an expected new round of US monetary stimulus.Later in the week, the August US Case-Shiller house price index along with October Conference Board U.S. consumer confidence data is due on Tuesday, September’s US durable goods and new home sales data are scheduled for release on Wednesday, weekly US jobless claims data is due on Thursday, with US GDP data out on Friday. whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Monday 25 October 2010 3:15 am John Dunne Show Comments ▼last_img read more