Visit http://www.cityindex.co.uk/ for more spread betting and CFD trading market analysis. Here, Chris Nelson-Smith brings you City Index's "Week Ahead" report for the week beginning 4th April 2011. Headlines include the FTSE 100 opening lower on Monday, falling back from its highest close since February 21, and the mining sector rising 175 points as a whole. In other spread betting and CFD trading market news, the spotlight will fall on Thursdayâ€™s Bank of England interest-rate decision for April, with most analysts expecting no change.
- The FTSE 100 opened lower on Monday, falling back from its highest close since February 21. The FTSE is up 1.9% on the year and has rallied 7% in the last two weeks from its March low of 5591 after the Japanese earthquake.
- Miners are doing quite well this morning. The sector is up 175 points as a whole and Kazakhmys and Xstrata are amongst the best performing stocks this morning. Fresnilo is the best performer of the day, up 2.1%.
- This week, the spotlight will fall on Thursdayâ€™s Bank of England interest-rate decision for April, with most analysts expecting no change.
- However the European Central Bank is expected to raise interest rates when it meets on Thursday.
- Everyone will have an eye on the eurozone debt crisis and developments out of Portugal and Ireland.
- Retailers may also be in focus, with M&S due to issue a trading update on Wednesday.
- At 9.30 am today, UK PMI construction figures were announced, while on Tuesday UK Services PMI will be announced at 9.330am, followed by US ISM non-manufacturing PMI at 3pm.
- On Wednesday, UK manufacturing production figures will be released at 9.30 am, while on Thursday keep an eye out for the UK interest-rate decision at mid-day, followed by the ECB rate decision at 2.45pm.
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