FTSE 100 rises 1% ahead of US earnings and economic data

Summarised from 2 outlets · Updated 12 Oct, 17:32 · Archive

The FTSE 100 gained 104.23 points to 10,656.28 as investors awaited major US earnings and economic data.

The FTSE 100 gained 104.23 points, closing at 10,656.28 on Monday, while the FTSE 250 climbed 114.28 points to 24,328.06. Despite the gains, market analysts noted underlying concerns about financial market stability and the sustainability of the artificial intelligence trade.

The week ahead is expected to be busy for financial markets. US banks JP Morgan, Goldman Sachs and Bank of America will report third-quarter earnings on Tuesday, alongside results from semiconductor companies ASML and TSMC. US inflation figures for September are also due, which could shape the Federal Reserve's next move on interest rates. UBS expects core CPI inflation to remain at 2.4% year-on-year, while headline inflation may rise to 3.6% from 3.4% due to higher energy costs. The week will also see statements from Federal Reserve chair Kevin Warsh and other policymakers on the economic outlook.

How it is being reported

• Stocks up ahead of US earnings data but oil prices stays highThe FTSE 100 index ended up 104.23 points, 1.0%, at 10,656.28.Independent Business · 12 Oct, 17:14
• Stocks up ahead of US earnings data but oil prices stays highThe FTSE 100 index ended up 104.23 points, 1.0%, at 10,656.28.Evening Standard · 12 Oct, 17:14

In this story: FTSE 100 · FTSE 250 · JP Morgan · Goldman Sachs · Bank of America · ASML · TSMC · Federal Reserve

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