THE FTSE 100 managed to finish positive last week, even after the threat that the UK’s S&P AAA credit rating may be removed. Nevertheless we can expect some mediocre profit-taking this morning.
Later in the week we have a host of key US economic indicators such as durable goods and new home sales on Thursday (with month-on-month gains expected in both) and on Friday we have the market driver of the week, US GDP. Any improvement on last month’s annual rate of minus 6.1 per cent will probably go down well.
GFT is calling the FTSE 100 index to open down around 15 points today at 4,350.