Next Monday will be the first trading day (FTD) of June.
As explained in the 2013 edition of the Almanac, the market has a tendency to be strong on the FTD of a month. And this effect has been even more pronounced in recent years.
The June FTD has been the 6th strongest FTD of the 12 months: since 1984 the FTSE 100 Index has increased on average 0.24% on this day.
From 2000 the average return on the day has been marginally weaker at 0.21%.
The following chart shows the returns for every June FTD since 1984.