Week ahead: Investors look to economic data as G7 leaders meet
Market movements this week will be heavily influenced by both the meeting of the group of seven world leaders in Japan and a flood of economic data throughout the week.
After a strong finish on Friday, with the FTSE 100 closing up 102.97 points to end the week at 6,156.32, investors will be looking for positive data to maintain momentum.
This morning purchasing managers’ indices from around Europe and the US will be closely watched, while tomorrow the UK’s public sector net borrowing will be of interest.
Thursday brings another UK GDP estimate for the first quarter, consumer confidence for May and April’s mortgage approvals.
In earnings reports retailer Marks and Spencer will be the week highlight, with new boss Steve Rowe presenting his first prelims on Wednesday.
Other companies to look out for include water company Severn Trent tomorrow and electronics retailer Dixons Carphone on Wednesday.