FTSE preview: Markets wait for GDP clues
The FTSE 100 is seen falling on Tuesday, following a late sell-off Wall Street, with investors cautious ahead of UK GDP data.
Waiting game: Eyes will be on host of economy news today.
The final reading of UK fourth-quarter GDP is due. The market will be particularly focused on whether the previous shock estimate of a 0.6% contraction will be maintained.
Corporate newsflow could also provide direction, with Kazakh copper miner Kazakhmys due to report full-year results, while hedge fund manager Man Group and travel firm Thomas Cook Group are scheduled to issue trading updates.
The UK blue chip index looks set to shed as much as 0.2%, according to financial bookmakers.
The index closed 3.73 points, or 0.1%, higher at 5,904.49 on Monday, near its 50-day moving average of 5,933.83. The index has traded below its 50-day moving average since March 4.
Other UK data on Tuesday includes Bank of England February mortgage approvals and consumer credit data, UK fourth-quarter trade figures, and UK fourth-quarter business investment data.
The Chancellor of the Exchequer also faces members of parliament on the Treasury Select Committee.
Across the Atlantic, US March consumer confidence data is due, and the January Case-Shiller house price index is out.
There will be results today from Kazakhmys, Wolseley and Hochschild Mining while there will be trading updates from Man Group and Thomas Cook.
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