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
- The new Volkswagen Passat - a long range PHEV that's only available as an estate
- 2025 Aston Martin DBX707: More luxury but comes with a higher price
- Iconic Dodge Charger goes electric as company unveils its Daytona
- How to invest for income and growth: SAINTS' James Dow
- Skoda reveals Skoda Epiq as part of an all-electric car portfolio
- How to invest to beat tax raids and make more of your money
- Mini unveil an electrified version of their popular Countryman
- 'Now even better': Nissan Qashqai gets a facelift for 2024 version
- Tesla unveils new Model 3 Performance - it's the fastest ever!
- Mercedes has finally unveiled its new electric G-Class
- MailOnline asks Lexie Limitless 5 quick fire EV road trip questions
- BMW meets Swarovski and releases BMW i7 Crystal Headlights Iconic Glow
- Pandol and Advil maker Haleon hurt by milder flu season
- MARKET REPORT: Aston Martin shares in reverse as sales...
- Britain must go it alone when it comes to interest rates,...
- US Federal Reserve forced to calm fears over rate hikes
- The £80bn takeover feeding frenzy: Bids for UK firms soar
- US drugs giant Pfizer posts a drop in sales in a...
- Fresh blow for City as Flutter votes to move main listing...
- Standard Chartered beats profit estimates as higher...
- I'm 'very well paid', says Glaxo boss Emma Walmsley
- Shell smashes profit forecasts and unveils fresh bumper...
- Booming Next closes in on £1bn profit milestone with...
- Mulberry sales plunge as slower demand casts a shadow...
- Change stamp duty so it's easier to move home, says...
- Smith & Nephew rocked as 43% of investors rebel over fat...
- Hiscox reports rise in premiums - but warns of 'moderate'...
- Melrose Industries enjoys strong engine sales as revenue...
- Major mortgage lender ups rates for second time this week...
- UK GDP growth will be second-worst of all G7 nations in...