The FTSE 100 was set to open near 10,690 on Friday, carrying over some of Wall Street's rally even as a weaker UK services PMI and the US Independence Day closure threatened to thin trading. Investors are watching whether the benchmark can edge back toward its record-high zone around 10,900 to 10,950.
The FTSE 100 was indicated to open around 10,690 on Friday, extending part of the positive momentum from Wall Street's strong rally. Some of that bullish sentiment carried into UK equities, supporting the benchmark at the start of the session.
With US equity markets closed for the Independence Day holiday on Friday, 3 July 2026, European data and domestic UK factors may carry more weight over market direction than usual. That leaves London's blue chips leaning on their own catalysts rather than a fresh lead from New York.
Attention centred on the latest UK services PMI, the day's key macroeconomic release for European markets. The weaker reading added a note of caution to an otherwise supportive tone, as investors weighed whether the UK economy can hold enough momentum to support further gains.
That leaves the index needing to build more of its own momentum through the session. Investors watched to see whether it could continue its gradual move toward the previous record-high zone around 10,900 to 10,950. A supportive macro backdrop could drive another leg higher, though trading volumes may stay subdued because of the US market closure.
Source: CMC Markets
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