Major European stock markets started Tuesday’s trading session in the green as counties across the continent continue to loosen lockdown measures. In business news, Aston Martin confirmed Mercedes-AMG head Tobias Moers will replace its CEO from August 1, while EasyJet said CFO will leave in May 2021. On data, German research institute GfK reported consumer confidence index in the country remained negative in May.
The FTSE-100 was set to power ahead by more than 130 points today after strong rises from international markets over the Bank Holiday weekend.
Boris Johnson plans to ease the lockdown with dates for local street markets, car dealerships, and even department stores reopening possibly adding to some share price gains today.
Later this morning, CBI retail sales figures for May will be dismal, with analysts expecting the balance score to fall from minus 55 to minus 65. Similarly awful will be US consumer confidence numbers which will be hammered by surging unemployment.
FTSE 100 LONG (Buy)
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