Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

Election results, house prices, US non-farm payrolls and more: Day ahead on Friday

On Friday, the UK will know whether it has a new government in power led by Kier Starmer and if it does, whether Labour's majority is a record.

Russ Mould at AJ Bell has looked into how markets typically react to the fallout of general elections.

He said: " A study of all sixteen of the general elections since the inception of the FTSE All-Share in 1962 shows that the UK stock market is by no means frightened of a change in government and it may even welcome it.

"On average, the FTSE All-Share has recorded a double-digit percentage gain in the first year after an election which sees one prime minister ejected from office and a new one ushered in. There are also greater average gains when a government changes relative to when it remains the same."

Announcements due:

AGMs: 1 Spatial PLC

Economic announcements: Halifax House Price Index (UK), Retail Sales (EU), Non-Farm Payrolls (US), Unemployment Rate (US)