RE: Steiner/Groceryshop interview3 Nov 2025 07:36
Great over-night recovery with Futures now in positive territory:
Date: 7:28 am, 3 Nov 2025 / Michele Maatouk
LONDON - (Sharecast News) - London stocks were set to gain at the open on Monday, with higher oil prices likely to lend support. The FTSE 100 was called to open around 15 points higher.
Kathleen Brooks, research director at XTB, said: "As we start a new month, equity market futures are a sea of green, and risk sentiment is high. This suggests that the seven-month long rally in global stock markets could continue. The latest drivers include an easing of US/China trade tensions, and some strong tech earnings.
"Commodities are also in focus; the oil price is higher after Opec + decided to pause oil production hikes from next month. The gold price is also rising this morning, and is above $4000 per ounce, after falling below this level last week."
Later in the week, attention will turn to the latest policy announcement from the Bank of England.
"The market does not expect any change to interest rates and the focus instead will be on the Bank's updated forecasts for CPI and the GDP," Brooks said.
"The UK interest rate swaps market is pricing in less than a 30% chance of a cut at this meeting, instead the market expects the BOE to hold off cutting rates until February. The pound was the weakest performer in the G10 FX space last week, so confirmation that the BOE won't cut rates could see a small bounce in the pound later this week." End