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Saturday, April 10, 2021

FTSE 100 should open higher as the final lock easing nears

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The FTSE 100 was scheduled to open higher on Friday, after hitting its highest level in more than a year yesterday.

CMC Markets traders today expected the FTSE 100 to open 8 more points at 6950.

Michael Hewson, chief market analyst at CMC Markets UK, said: “It has been another record week for the stock markets in recent days with new highs for the S & P500, DAX, Stoxx600 and FTSE250.”

He added: “European markets are expected to open into positive territory this morning as they look to continue where they left off yesterday.”

A framework for tracking the safe return of international travel has been defined today.

More details here.

In the meantime, later this morning, the Halifax House Price Index for March will be released. This should shed light on average UK house prices in a month the budget delivered news that could boost the housing market, such as an extension of the stamp duty holiday period.

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