FX.co ★ FTSE 100 Set for 4th Weekly Gain

The FTSE 100 maintained a steady to moderately upward trajectory on Friday, remaining near its highest point in three months and poised for a modest weekly increase—the fourth consecutive rise, marking its best performance stretch since January. Market confidence was bolstered by a conversation between U.S. President Trump and China's President Xi, which Trump deemed highly positive, with trade being the primary topic of discussion. Investors are now focused on the upcoming U.S. nonfarm payroll data, anticipated to reveal a decline in monthly job figures.

On the corporate front, AstraZeneca has secured EU approval for its Calquence leukemia treatment. UK regulators have prohibited bonus payouts for executives at six water companies due to environmental pollution concerns. HSBC's chairman has announced his impending departure amidst ongoing corporate restructuring efforts. Additionally, Rio Tinto’s CEO has refuted claims of a board disagreement influencing his resignation. In real estate news, Halifax reported a 0.4% decrease in UK house prices for May, though they emphasized that the market remains largely stable, with annual prices still reflecting a 2.5% increase, bolstered by improved mortgage rates and steady wage growth.