The FTSE 100 is expected to start November slightly higher, with futures indicating a 12-point gain on Monday, as investors brace for a data-heavy week and a finely balanced Bank of England rate decision.
The London benchmark closed 42 points lower on Friday at 9,717.25, ending a 10-day winning streak, though it still advanced over 220 points in October.
Across the Atlantic, Wall Street ended the week in positive territory, with the Nasdaq up 0.6%, the S&P 500 climbing 0.3%, and the Dow Jones closing just above flat. Analysts at Deutsche Bank noted that October marked the sixth straight monthly gain for the S&P 500, its longest run since 2021.
They also highlighted Japan’s Nikkei posting its strongest month in 35 years, while gold broke above $4,000 an ounce and silver notched a sixth consecutive monthly rise, a feat last seen 45 years ago.
In commodities, oil prices edged higher following the weekend’s OPEC meeting, where the group said it would pause additional supply between January and March, after a planned 137,000 barrels-per-day increase in December.
