FTSE opens after firmer Wall St as Fed stays rates
Source - SMW
London equities are poised to open in the wake of overnight gains on Wall St and in Asia after the US Federal Reserve stayed interest rates, but hinted they could be hiked by year's end.
Traders will be looking to a raft of economic data due out in UK, Eurozone and the US. A lengthy list of ex-dividend stocks in London is likely to dampen proceedings today.
US & ASIA
On Wall St overnight, the Dow Jones Industrial Average rose 0.9% to 18,293.7, the S&P 500 firmed 1.09% to 2163.12 and the Nasdaq Composite gained 1.03% to 5295.18.
In Asia this morning, the Nikkei 225 had risen 1.91% to 16,807.62, while the Hang Seng firmed 0.82% to 23,864.25.
At 6.04am, WTI crude was up 1.04% to $45.81/bbl and Brent was up 0.96% to $47.28/bbl. Gold was up 0.46% to $1337.5/oz.
Interim results are due from Cambridge Cognition Holdings, Gulf Keystone Petroleum, Rose Petroleum, Synairgen, Sphere Medical.
Shareholder meetings are scheduled by First Property, NCC Group and Twentyfour Income Fund. A trading statement is expected from Mitchells & Butlers.