The FTSE 100 is expected to open higher on Monday, following gains in global markets overnight. The index is seen opening up 0.5% at 7,640.
Investors will be looking ahead to the release of U.K. inflation data on Wednesday. Economists expect inflation to have risen to 9.1% in May, from 9% in April.
The U.S. Federal Reserve is also expected to raise interest rates by 0.75% on Wednesday. This will be the largest rate hike since 1994.
Despite these headwinds, the FTSE 100 is expected to remain in positive territory on Tuesday. The index is still up 12.7% so far this year.
Here are some factors that could affect the FTSE 100 today:
- U.K. inflation data
- U.S. Federal Reserve interest rate decision
- Corporate earnings reports
- Geopolitical developments