London pre-open: Stocks seen up despite expected delay to lockdown lifting

Shares in London will rise sharply on Monday despite expectations that Prime Minister Boris Johnson will announce a four-week delay to lift the lockout in the UK.

The FTSE 100 was called to open at 7,157, which is 23 points higher.

“As we look forward to the key events of this week, we have an excellent opportunity to reset market expectations amid declining Federal Reserve bond purchases. This is something the Fed can do to cut $120 in particular, especially if yields have fallen recently,” said CMC Markets analyst Michael Hewson billion dollars in the current month, as the amount helped them gain ground.

“Meanwhile in the UK, it will be a big week for UK economic data as recent unemployment, inflation, and retail sales in April and May continue to grow in the direction of the UK economic recovery.

“Today we are also prepared to learn that restrictions on the UK economy are expected to be lifted to four weeks next week due to concerns about rising infection levels on the Delta or India option.

In corporate news, Environmental Infrastructure Foundation JLEN said it has acquired Cramlington Renewable Energy Development, which has a biomass thermal and power plant and key contracts for an undisclosed amount.

The company said the deal is debt-free and represents JLEN’s first investment in a large-scale biomass CHP plant.

Serco lifted the 2021 lead by announcing that its joint venture with Engie had won a total potential £3.4bn worth of UK defense infrastructure contracts over the first seven years.

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