FTSE 100 Index – Interesting Financial Events To Unfold On October 14th, 2019

Following the Brexit optimism and U.S – China trade deal heading in the right direction, the financial markets presented significant gains through the past week. The analysts had anticipated that FTSE 100 index will continue the upward rally with the start of this week as well. The market opened at 7,247.08 level on Monday, October 14^th, 2015. Only 45 minutes into the trading session, the market was reported to have fallen to 7,202.05 level. Footsie is currently trading at 7,218.01 level.

The Asian markets, earlier today, had responded significantly better owing to the announcement that the United States of America has postponed its plan of increasing tariffs on Chinese goods. The rising optimism was strong enough to overshadow 3.2% decline that China faced last month in terms of exports. The decline being sharper than expected was potentially a negative data but it failed to manifest in the financial market.

Business-Level Financial News

According to the financial experts, the data, however, might have contributed to the significant drop in FTSE 100 index this morning, owing to the UK’s quoted miners. Such corporations are known for their sensitivity to the variations in Chinese economy.

Among the individual businesses, PRS Reit, TR European Growth Trust, Bellway, dotDigital Group, and JPmorgan Global Emerging Markets, and Bacanora Lithium are expected to release their annual financial statements that are instrumental for the traders’ weekly strategies.

Other than that, companies like IXICO, Merlin Entertainment, Marston’s, and Ashmore Group will be releasing their trading statement later today that can be expected to cast an impact on the FTSE 100 index.

It has also been reported that the prominent enterprises like Barratt Developments, Unilever, BHP Group, and Rio Tinto, have also pledged to update their investors at some point this week.

Economic Events To Look For

Following the Northern Ireland’s DUP’s statement that it is unacceptable for N. Ireland to remain with the European Union, and Michel Barnier, the lead negotiator for EU accepting Prime Minister Boris Johnsons revised proposal only partially, it is dawning on the investors that there is still a lot of ground to cover before a deal can be finalized.

Mr. Dave Ramsden in his capacity as the deputy governor of the Bank of England has also express his dissent for the popular opinion that a rate-cut will be essential for economic stability of the UK in an event that Brexit is stretched further than the current deadline of October 31^st, 2019.

Among the other economic events that are likely to affect FTSE 100 index include the Queen’s speech and the meeting between the negotiators from the UK and the EU to further the discussion regarding Brexit.