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FTSE 100 Live: Stocks to hold steady, retail sales smash forecasts

Published 09/04/2024, 07:24
© Reuters.  FTSE 100 Live: Stocks to hold steady, retail sales smash forecasts

Proactive Investors - The blue-chip index is expected to hold onto yesterday’s 32 points of gains, with futures contracts suggesting a flat opening at 7,944.

While the FTSE 100 slipped lower in early Monday trading, the index was able to regain momentum, helped by a surge in mining stocks and strong performances from the likes of Ladbrokes owner Entain (LON:ENT), easyJet (LON:EZJ) and Scottish Mortgage.

Some bullish news emerged from the macroeconomic calendar this morning, with the BRC Retail Sales Monitor showing a 3.2% year-on-year spike in March, trouncing the 1.8% forecast.

On the company news front, CMC Markets PLC (LON:CMCX), Imperial Brands PLC (LON:IMB) and BP (LON:BP) will shortly provide some trading updates.

Read more on Proactive Investors UK

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