UK Macro Daily(Beta Mode)
PMI Eyes Rebound
| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,902.05 | +0.64% |
| FTSE 100 | 10,122.73 | +1.18% |
| UK Natural Gas | 3.52 | -2.63% |
| 2 Year Gilt | 3.70 | -1 bps |
| 10 Year Gilt | 4.49 | -2 bps |
| GBP/USD | 1.351 | +0.08% |
| GBP/EUR | 1.16 | +0.01% |
| GBP/JPY | 211.17 | -0.13% |
| Brent Oil | 61.76 | +1.66% |
| Gold ($) | 4,436.90 | +2.84% |
| Bitcoin ($) | 92,775.94 | -1.01% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| S&P Global Constr PMI | 39.40 | 42.50 | 09:30 |
| Halifax House Pr Index m/m | 0 | 0.20 | 07:00 |
| Halifax House Pr Index y/y | 0.70 | 1.10 | 07:00 |
- FTSE 100 rallied 1.18% to 10122.73, a larger-than-normal gain driven by renewed optimism in financials and tech sectors amid stable global cues.
- Halifax House Price Index due at 07:00, expected at 0.2% m/m and 1.1% y/y, could signal housing market resilience influencing BoE cut timing.
- Global AI partnerships with Middle East nations may pressure commodity prices, indirectly supporting UK inflation moderation.
Yesterday's Recap
ISM Manufacturing PMI contracted to 47.9, missing consensus of 48.3, highlighting US sector weakness that weighed on risk sentiment.
Fed's Kashkari speech emphasized cautious rate cuts, tilting markets toward shallower easing in 2026.
FTSE 100 rallied 1.18% to 10122.73, a larger-than-normal gain fueled by banking sector recoveries and stable gilt yields holding at 4.49%.
Brent oil rose 1.66% to 61.76, driven by supply concerns from Venezuelan tensions, while gold climbed 2.84% to 4436.90 on safe-haven flows from geopolitical noise.
Sterling edged up 0.08% against USD to 1.351, reflecting modest dollar weakness, with Bitcoin dipping 1.01% to 92775.94 amid crypto profit-taking.
The Day Ahead
S&P Global Construction PMI at 09:30, expected at 42.5 versus previous 39.4, may reveal sector improvement supporting UK growth forecasts.
Halifax House Price Index m/m and y/y at 07:00, anticipated at 0.2% and 1.1%, could confirm housing stability amid broader economic data.
No BoE speeches scheduled, keeping focus on data impacts for cut expectations.
Other Economic Notes
UK housing prices stabilized at previous levels, reflecting resilient demand despite global energy pressures.
Brexit impacts linger on export dynamics, with European trade flows influencing services sector recovery.
