The FTSE 100 is expected to open lower on Monday, tracking a general cautious mood, amid increasing concerns about the global economic outlook, after China's retail sales and industrial production contracted as a result of Covid restrictions. Also, oil and gas companies are expected to come under early pressure after chancellor Rishi Sunak said he still has not ruled out a windfall tax on the energy crisis’ big earners. On the corporate front, Greggs said cost pressures were increasing although sales increased. Royal Mail, easyJet and Ryanair are also due to report quarterly results today. Meanwhile, traders will also keep a close eye on the BoE Monetary Policy Report hearing in front of the Treasury Committee today, with Governor Bailey in attendance.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on May of 2022.
The United Kingdom Stock Market Index (GB100) is expected to trade at 7252.62 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6724.53 in 12 months time.