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.
Most watched Money videos
- BMW's Vision Neue Klasse X unveils its sports activity vehicle future
- Dean Dunham: Entitled to comparable replacement concert tickets?
- 'Now even better': Nissan Qashqai gets a facelift for 2024 version
- Land Rover unveil newest all-electric Range Rover SUV
- Blue Whale fund manager on the best of the Magnificent 7
- Tesla unveils new Model 3 Performance - it's the fastest ever!
- 2025 Aston Martin DBX707: More luxury but comes with a higher price
- Mini celebrates the release of brand new all-electric car Mini Aceman
- Mini Cooper SE: The British icon gets an all-electric makeover
- Skoda reveals Skoda Epiq as part of an all-electric car portfolio
- Volvo's Polestar releases new innovative 4 digital rearview mirror
- Mercedes has finally unveiled its new electric G-Class
- British Airways owner IAG set for bumper summer
- Jaguar Land Rover posts its biggest profit since 2015...
- ALEX BRUMMER: UK second to United States among G7 richest...
- Ikea pushes back opening of its Oxford Street store to...
- Footsie hits new high as economy roars back
- Rightmove expects weaker ad revenue growth as more...
- SMALL CAP MOVERS: Light Science Technologies sales flourish
- BA owner IAG profits climb more than sevenfold
- MARKET REPORT: S4 Capital shares soar as Sir Martin...
- My favourite 20 new cars for under £20,000 - by the...
- BUSINESS LIVE: UK GDP grows 0.6%; IAG profits take off;...
- Should the Bank of England have cut interest rates...
- As firms abandon the stock market, how these four private...
- BHP boss to meet his counterpart at takeover target Anglo...
- How criminals could use AI to scam Britons - and what can...
- Vodafone told to boost security as £15bn Three merger is...
- Bank of England paves way for Britain to cut interest...
- ITV hopes for summer ad boom as it continues to reel from...