Market Pulse
London pre-open: Stocks seen higher on Asian cues
London stocks were set for a firmer open on Tuesday, tracking gains in Asia as investors eyed some house price data and a speech by European Central Bank chief Mario Draghi.
Tuesday newspaper round-up: NAO, BRC, Apple, ITV
High inflation could cost the British Government tens of billions of pounds in extra interest payments because so much of its debt is index-linked. More than one-third of gilts – excluding those bought by the Bank of England – are linked to the retail price index measure of inflation, so if inflation is one percentage point higher over the next five years, payments on those bonds will rise by £26bn, the National Audit Office has warned. - Telegraph.
MPs launch probe into household finance and debt
An influential group of MPs has launched an inquiry to determine whether British households are saving adequately in the current economic environment and how government policy could be changed to improve household finances.