CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

FTSE 100 outlook: weekend futures point to soft Tuesday open

We examine some of the key market developments that investors should keep an eye on in the coming week.

Key takeaways:

  • The IG Weekend UK 100 index edged lower over Easter, as investors take last week’s profits and gear up for key economic data, headlined by US jobless claims.
  • Q1 results from JPMorgan and Goldman Sachs will also be closely watched, along with oil prices.

After booking an 8.6% gain over four trading sessions before Easter, the benchmark FTSE 100 Index lost momentum during weekend trade on the IG platform.

This week’s trading looks set to be dominated by big data releases and company earnings out of the US, particularly jobless claims on Thursday. Traders will also have their eye on statistics out of China, along with the oil price after a production cut deal from OPEC+ nations.

FTSE 100 Weekend Trading points to soft Tuesday open

The FTSE 100 Weekend Index has traded flat following Thursday's bullish session. Indeed, by Sunday morning (London time), the index had risen off its weekend lows to edge back above 5,860.

This price action precedes what may be a cautious open on Tuesday after the Easter break, as investors try to dissect what’s happening to the world’s largest economy.

On Tuesday, we start with Q1 earnings calls from US banking giant JPMorgan, with chief executive Jamie Dimon back at work after emergency heart surgery, and multinational Johnson & Johnson, which has joined the race for a Covid-19 vaccine.

On Wednesday, the US will publish retail sales and industrial output figures, which will give investors insight into the initial damage done to the US economy by the coronavirus from a consumer and industrial perspective.

Investors will also get earnings calls from investment bank Goldman Sachs and UnitedHealth Group, a company involved in the provision of healthcare products and insurance.

On Thursday, investors will get on update on the UK retail sector, with the release of the British Retail Consortium’s year-on-year retail sales statistics.

The question will be how large a contraction shows up and whether that’s enough to change investor minds either way. UK retail shares got a lot of attention last week, with online retailers ASOS and boohoo rocketing.

But the big news will be US jobless claims. Millions of American workers have been pushed into unemployment by the coronavirus shutdown. The numbers will reveal what trends are emerging in the data, after jobless claims rose to a new record high of 6.6 million, for the week ending 3 April.

On Friday, investors can take a look at China’s Q1 GDP, as well as retail sales and industrial output numbers for March. All should still be diminished as movement restrictions in Wuhan, Covid-19’s ground zero, have only just been lifted.

In the eurozone, the final inflation rate for March will be out on Friday. It’s expected to confirm subdued price rises. While output has been disrupted by the pandemic, weak demand and a low oil price should keep inflation subdued.

Finally, South African private hospital operator Mediclinic International, which is listed in London, will report its full-year results.


The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.