The FTSE 100 Index rises 3% by 162 points to 5,578 on Monday, as the City of London welcomes slowing coronavirus death rates in Italy and France. However, the City of London remains concerned about Boris Johnson's health.
The MACD indicator is still positive on the daily chart. The stochastic oscillator indicates a bottom on the daily chart. The uptrend for FTSE 100 is also indicated on the weekly chart. The stochastic oscillator and the RSI oscillator are at the bottom. Britain’s stock market has recently posted its biggest quarterly slump since Black Monday, as the coronavirus forces the UK into a deep recession.
The most important data from this week:
UK GDP MoM (0.1% expectation); (0.00% previous)
3M (0.1% expectation); (0.00% previous)
UK Trade Balance (10bln expectation); (42bln previous)
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