18th Aug 2025 06:56
(Alliance News) - Stocks in London are set to open in the green on Monday, ahead of eurozone trade balance data in the morning and with eyes turning to China's rate call later this week.
"All eyes, though, will be on Wyoming as we progress through the week, and the Jackson Hole Symposium gets underway [on Thursday]," commented Pepperstone's Michael Brown. Not only will participants be focused on whether Fed Chair Powell leans into the possibility of a September rate cut, but remarks from BoE Governor Bailey, and ECB President Lagarde, among others, will also be closely watched."
IG says futures indicate the FTSE 100 to open up 18.5 points, 0.2%, on Monday. The index of London large-caps closed down 0.4% at 9,138.90 on Friday.
Sterling was quoted at USD1.3563 early Monday, slightly lower than USD1.3566 at the London equities close on Friday.
The euro traded at USD1.1705 early Monday, lower than USD1.1712 late Friday. Against the yen, the dollar was quoted higher at JPY147.41 versus JPY146.90.
In the US on Friday, Wall Street ended mostly lower, with the Dow Jones Industrial Average up 0.1%, the S&P 500 down 0.3% and the Nasdaq Composite down 0.4%.
In Asia on Monday, the Nikkei 225 index in Tokyo was up 0.9%. In China, the Shanghai Composite was up 1.0%, while the Hang Seng index in Hong Kong was up 0.4%. The S&P/ASX 200 in Sydney closed up 0.2%.
Gold was quoted at USD3,348.57 an ounce early Monday, higher than USD3,343.39 on Friday.
Brent oil was trading at USD65.82 a barrel early Monday, lower than USD66.33 late Friday.
In Monday's corporate calendar, BATM Advanced Communications and Thungela Resources release their half-year results.
In the economic calendar on Monday, the relatively quiet docket includes trade balance data from the eurozone.
By Emma Curzon, Alliance News reporter
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