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Index set to extend rally

Emmanuel Macron

The UK benchmark index looks set to open higher this morning, building on the previous session’s gain, with sentiment remaining upbeat in the wake of the first round of France’s election over the weekend which saw centrist Emmanuel Macron come on top. The earnings season meanwhile will continue with Costa Coffee and Premier Inn owner Whitbread (LON:WTB).

IG’s opening calls suggest that the Footsie will kick off the session 0.29 per cent higher at 7,286 points. US equities soared last night, with investors welcoming the results of the first round of France’s presidential election.

“The market really seemed to like” the election outcome, said Randy Warren, chief investment officer at Warren Financial, as quoted by CNBC. “It really surprised me because the other candidate is Le Pen and she’s the sleeper candidate.” Asian shares have tracked the US higher this morning.

Paul

The author Paul