FTSE 100 Live: Global central banks monetary policy decision to set market tone this week
The daily London market update: Market moving news from the FTSE 100 and around the world from City A.M.
The latest updates on the FTSE 100 and London’s financial markets from City A.M.’s newsroom in the heart of the City of London.
Asian markets rebound, with Japanese stocks showing strength ahead of the Bank of Japan’s rate decision. Japan’s Nikkei 225 index is up 2.1 per cent, while China’s CSI300 rises 0.45 per cent.
S&P 500 and Nasdaq futures edge up. Topix rises 1.51 per cent. Gold is down 1 per cent to $2,147/oz. Brent crude is at $85.64/barrel, and US crude is at $81.36/barrel.
China’s industrial output and retail sales exceed expectations, boosting the economy amid a sluggish property market. However, challenges persist with a decline in property investment.
Vladimir Putin secures a resounding victory in Russia’s presidential election, with an 88 per cent majority.
UK home asking prices reach a 10-month high, driven by increased demand, particularly in London, according to a recent survey conducted by property website Rightmove. Despite remaining below peak levels, prices show resilience.
Attention is on central bank meetings this week, including the US Federal Reserve, Bank of Japan, and the Bank of England.
Economic data releases, such as UK inflation figures and US home sales statistics, provide insights into global trends.
