FTSE 100 lifted by strong Chinese economics data

The FTSE 100 has started the week brightly. AstraZeneka has rebounded after its chief executive Pascal Soriot indicated that he would stay at the pharma giant and ITV has been lifted by news that it has appointed easyJet chief executive Carolyn McCall as boss. 

Soft US inflation data helped the pound move above $1.30 against the dollar at the end of last week with UK inflation data out tomorrow expected to set the tone for sterling’s movement this week. This morning, it is hovering just below $1.31.

There’s very little economics data to move sterling this morning with house price data from Rightmove, which showed prices at a standstill in July, the main release. Final Eurozone CPI data for June is due at 10am.

Interim results: Etalon Group

Trading update: Rio Tinto

AGM: Renewi

Economics: Rightmove house price index m/m (UK), wholesale price index m/m (GER)

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