FTSE 100 Weekly Look Ahead: US-China Trade Wars Renew FTSE Selling
FTSE 100 Analysis and News
- Trade Jitters to Renew Pressure on FTSE
- UK Data in Focus: Inflation (Wed)
Price
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50DMA
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100DMA
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200DMA
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RSI
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IG Sentiment
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FTSE 100
|
7304
|
7574
|
7611
|
7486
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46
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Mixed
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TRADE JITTERS TO RENEW PRESSURE ON FTSE
After two weeks of outflows, the FTSE 100 saw its largest weekly gain since mid-July of 0.3% with a lack of new development surrounding the trade providing a reprieve for equity markets. However, reports late on Friday sessions stated that the US are looking to place $200bln worth of tariffs on Chinese goods as soon as this week. Consequently, this could renew pressure on equity markets as investors seek safer assets with the FTSE 100 possibly printing a fresh 5-month low.
Source: Thomson Reuters
UK DATA IN FOCUS
The main economic data point this week, will be the UK inflation report on Wednesday in which the headline figure is expected to drop slightly to 2.4% from 2.5%. Although, inflation will remain above the Bank of England’s 2% target, the fall in inflation subsequently reduces the necessity for the central bank to tighten monetary policy. As reminder, the BoE last week left monetary policy unchanged with the outcome regarding Brexit likely to be the biggest influence on the BoE’s monetary policy path.
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