Upgrade Now

London pre-open: Stocks to rise as trade tensions ease

By Michele Maatouk

Date: Monday 10 Jun 2019

(Sharecast News) - London stocks were set to open higher on Monday amid easing trade tensions.
The FTSE 100 was called to open 32 points higher at 7,332.

CMC Markets analyst Michael Hewson said: "Markets in Asia started the week on the front foot this morning, carrying on from where US markets left off on Friday, in the wake of the US payrolls number, and after President Trump stepped back from the levying of new Mexican tariffs which were due to start today.

"The US said that they had reached a deal with the Mexican government to pinch off immigration levels at the US southern border. This in turn is likely to see markets in Europe open higher this morning, while the Mexican peso rebounded."

On the data front, manufacturing and industrial production figures are due at 0930 BST, along with GDP and trade balance.

In UK corporate news, HgCapital Trust on Monday said it planned to raise £80m through a placing of new shares at 2.5p each.

The FTSE 250 company which focuses on unquoted investments in European software and service businesses, said it wanted to raise more equity in order to maximise opportunities to access Hg's "attractive proprietary pipeline".

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page