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The Markets
by Proactive
Proactive UK has moved.
Growth stocks coverage continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Growth stocks coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Growth stocks coverage continues on .com
Go to Proactive UK

FTSE & SMALL CAP MARKET REPORT

FTSE 100 set to open higher as oil surge and central-bank week loom

A panoramic view of London's skyline featuring a mix of modern skyscrapers and historic buildings at dusk. The image captures the contrast between the contemporary architecture and the classic structures below, showcasing the city’s dynamic urban landscape.

Positive start predicted

The FTSE 100 is expected to open around 26 points higher on Monday, with IG pointing to a level near 10,677.

London's blue-chip index closed Friday at 10,650.44, up 42 points or 0.4%, after touching a session high of 10,714.67.

Wall Street rebounded on Friday as oil prices briefly retreated.

The Dow Jones gained 1% to 52,573, the S&P 500 added 0.9% to 7,657 and the Nasdaq rose 1% to 26,333.

All three benchmarks still finished the week lower.

Asian markets were mixed on Monday as worries over artificial intelligence spending weighed on technology shares.

Japan's Nikkei 225 fell 0.8% and South Korea's Kospi dropped 2.5%.

Hong Kong's Hang Seng added 0.3%, China's Shanghai Composite rose 0.2% and Australia's ASX 200 edged up 0.1%.

SoftBank, the Japanese technology investor, plunged 11.2% after leading AI executives backed calls to slow the development of advanced models while safety measures catch up.

SK Hynix fell 5.3% and Samsung lost 2.8%.

Oil prices surged after Saudi Arabia shut a major pipeline used to bypass the Strait of Hormuz following an attack.

Brent crude jumped 3.2% to $107.94 a barrel and West Texas Intermediate gained 3.2% to $103.26.

The rise could support BP and Shell but renews pressure on airlines, retailers and other energy-intensive businesses.

Gold slipped 0.5% to $4,327.80 an ounce as costlier oil reinforced expectations of a US interest-rate rise.

Copper eased 1.2% to around $6.39 a pound, while Bitcoin traded near $77,800.

Central-bank decisions in the US, UK and Japan will dominate the week, with investors weighing whether the energy shock will force policymakers to keep interest rates higher.

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The Markets
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