FTSE preview: Glencore and Tesco set pace
The FTSE 100 is seen gaining on Tuesday, with miners likely to be a focus for investors after broadly supportive Chinese economic data, and as commodities trader Glencore issues a trading update.
Market watcher: Inflation data is due today.
Retailers should also attract attention on Tuesday as Tesco issues a first-quarter trading update, with the grocer seen reporting a return to underlying sales growth in its main British market, boosted by a warm April and the royal wedding.
The UK blue chip index looks set to climb 11 to 20 points, or 0.3%, according to financial bookmakers, after it closed up 7.66 points, or 0.1%, at 5,773.46 on Monday.
China's consumer prices rose 5.5% in May, a touch faster than the 5.4% estimated by a Reuters poll of economists, while retail sales came in marginally higher than forecast and industrial output was slightly lower.
On the domestic economics front, UK May CPI and RPI figures are scheduled for release.
Across the Atlantic, US May producer prices and retail sales data are due, with US April business inventories numbers due later.
There will be results today from Ath Resources, CML Microsystems, Carphonewarehouse, Idox, Interbulk Group, Park Group and Pursuit Dynamics, with updates from Tesco, Glencore, Ted Baker and Air Partner.
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