European equities poised for growth
European equities began the new week on a strong note as traders positioned themselves ahead of an expected European Central Bank (ECB) interest rate cut and crucial employment and inflation data in the United Kingdom (UK).
In the UK, the rally in the FTSE 100 gained momentum during afternoon trading, recovering from last week’s decline. Markets weighed the latest corporate and political developments amidst economic uncertainty.
Investor sentiment and market outlook
Investor sentiment improved following Prime Minister Starmer’s comments that concerns about a capital gains tax hike were overdone.
Future gains for the FTSE 100 will depend on employment data, which is due tonight, and the September consumer price index (CPI), due on Wednesday. Currently, expectations are for the unemployment rate to remain stable at 4.1%. Core inflation is anticipated to rise by 3.4% year-on-year (YoY) in…
