UK stocks open flat after Chinese trade data

UK stocks open flat after Chinese trade data 150 150 Realm

A lacklustre open for UK and European stocks after weaker-than-expected Chinese trade data for May and German data showing factory orders fell unexpectedly by 0.2% for April. 

The main focus once again this week will be US data which may give investors clues regarding the future path of inflation and the possible response from the Fed. May’s CPI (Consumer Price Index) data is due on Thursday.

Stocks rallied on Friday following US jobs data trhat showed 559,000 jobs added in May, far fewer than expected and easing concerns that the economy is over-heating.

 

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