Equities By Region Indices UK

FTSE 100 preview: Index seen steady despite persisting trade worries

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The FTSE 100 looks set to start the last trading day of the week on the front foot, despite the ongoing trade worries which are still weighing on investor sentiment. International Consolidated Airlines Group (LON:IAG) will be in focus as the website of its British Airways unit suffered a data breach.

Index seen steady

IG’s opening calls suggest that the Footsie will start the session 0.10 percent higher at 7,327 points. The blue-chip index is likely to shrug off a downbeat lead from the US where shares mostly fell last night amid a t

At home, the Footsie fell in the previous session, giving up 64.32 points to close 0.87 percent lower at 7,318.96. Centrica (LON:CNA), however, rose nearly five percent with investors responding positively to industry regulator Ofgem’s price cap.  

Friday’s releases

Today’s macroeconomic announcements include Germany’s trade balance for July, due out at 07:00 BST, to be followed by the eurozone’s second-quarter gross domestic product at 10:00 BST. In the US, the nation’s non-farm payrolls report for August is out at 13:30 BST and IG reports that the world’s biggest economy is expected to have added 187,000 new jobs last month, from 157,000, while the unemployment rate is forecast to have held steady at 3.9 percent.

In other news, IAG disclosed yesterday that financial data had been stolen from potentially hundreds of thousands of British Airways customers who made online bookings in recent weeks.

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