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London Shares to Open Higher as Traders Eye Economic Data


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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. ....

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