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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

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Quiet day ahead for financial markets with London trading to close early for Christmas

The day ahead includes services data and the final GDP estimate for the third quarter from the ONS

With London trading set to close early on Friday for Christmas, it will be a quiet day on the financial calendar.

The only notable UK releases include the index of services data and the final economic growth figures for the third quarter from the Office for National Statistics.

Economists expect the last estimate for third quarter gross domestic product growth of 0.4% quarter-on-quarter and 1.5% year-on-year to remain unchanged so it is likely to be a non-event.

The index of services is, however, forecast to improve to a month-on-month growth rate of 0.2% in October from 0.1% the previous month.

While UK manufacturing has been showing signs of strong recovery, and construction is at last expanding again, the key services sector has not performed so well.

The service sector needs to pick up in order to the UK economy to grow at the kind of pace seen for much of 2016.

On the company front, there are no London-listed companies scheduled to report earnings.

The London Stock Exchange closes at 12.30pm.

Significant events expected:

Half-day trading in London (12.30pm close)

AGMs: BOS GLOBAL Holdings Limited (LON:BOS), Mobile Streams Plc (LON:MOS), Progility PLC (LON:PGY), Red Rock Resources Plc (LON:RRR)

Economic data: US durable goods; US new home sales; US personal income and consumption

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