18 Feb 2015
FTSE at record highs ahead of the BOE minutes and Jobs data
FXStreet (Mumbai) - The London’s Ftse advanced 0.20% ahead of the release of the monthly employment figures and the Bank of England last meeting’s minutes. The index currently trades at record high of 6913.50 compared to the previous session’s close at 6898.13 levels.
Jobless claims expected to fall, while BOE minutes could sound optimistic
The monthly jobless claims are expected to show another decline of 25K in January, while the average weekly earnings are seen rising at 1.7%. Meanwhile, the Bank of England minutes are likely to show a no change in the unanimous vote for maintaining interest rates unchanged at record lows. However, the minutes could reiterate the optimistic outlook of the Quarterly Inflation Report released in the last week.
Meanwhile, shares in Tullow Oil advanced 1.93%, while Barclays stock price rose 2.00%. On the losing side, Hammerson leads the way, with a fall of 1.87%, followed by a 1.33% fall seen in British Land. The markets are likely to trade with caution ahead of the critical events in the UK.
Jobless claims expected to fall, while BOE minutes could sound optimistic
The monthly jobless claims are expected to show another decline of 25K in January, while the average weekly earnings are seen rising at 1.7%. Meanwhile, the Bank of England minutes are likely to show a no change in the unanimous vote for maintaining interest rates unchanged at record lows. However, the minutes could reiterate the optimistic outlook of the Quarterly Inflation Report released in the last week.
Meanwhile, shares in Tullow Oil advanced 1.93%, while Barclays stock price rose 2.00%. On the losing side, Hammerson leads the way, with a fall of 1.87%, followed by a 1.33% fall seen in British Land. The markets are likely to trade with caution ahead of the critical events in the UK.