Provided by Dow Jones FTSE 100 to Open Higher as Traders Eye Economic Data The FTSE 100 is expected to rise at the start of trading as investors look ahead to key data on the U.K. services industry and U.S. labor market. Spreadbetting firm IG sees London s blue-chip index opening 29 points higher. The final July U.K. services purchasing managers index survey is due at 0830 GMT and July s U.S. ADP private payrolls report is at 1215 GMT. The latest U.S. jobs data will give an indication on how fast the U.S. labour market is progressing towards the Federal Reserve s policy goal, and how close we are to the substantial progress that the Fed pursues to trigger the most-apprehended tapering of its massive bond buying program, Swissquote Bank analyst Ipek Ozkardeskaya says.
Provided by Dow Jones FTSE 100 Rises; Taylor Wimpey, Legal & General Gain After Earnings The FTSE 100 rises 0.4% to 7135 points as investors react to upbeat corporate earnings and await economic data on U.K. services activity and the U.S. labor market. Taylor Wimpey gains 3.9%, sending rival housebuilders higher, as it raised its full-year profit target after swinging to a first-half profit. Legal & General climbs 1.4% after the insurance company posted a rise in first-half operating profit and said its performance for the period was well above pre-pandemic levels. The final July U.K. services purchasing managers index survey is due at 0830 GMT and July s U.S. ADP private payrolls report is at 1215 GMT.
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