Live: FTSE 100 to open higher ahead of busy week

The UK’s blue chip index, the FTSE 100, is set to open higher this morning ahead of a busy week for the market.

This week, several big-name companies are set to report earnings, including Associated British Foods on Wednesday and Dunelm on Tuesday.

We’re also expecting UK GDP and manufacturing data on Friday.

This morning, the latest jobs report from KPMG and the REC showed demand for workers in London has “continued to deteriorate” with both permanent placements and temp billings slumping further.

Anna Purchas, London office senior partner at KPMG UK said, “London’s job market remains under pressure, with both permanent and temporary hiring down in August.”

Despite hiring in the capital still decreasing, the market is showing potential signs of cooling as the pace of the decline “eased sharply” compared to July.

Elsewhere, all eyes will be on oil prices this week after the Opec+ oil cartel has agreed to raise output again in October as the Saudi Arabia-led producer group continues a six-month push to regain market share over the weekend.