Source - SMW
London stocks will open tentatively as investors soak up information relating to the UK general election as it unfolds today, and in due course react to its outcome, whatever that might be.

The European Central Bank's policy meeting today would also be scrutinised closely.

Shortly before 6am, sterling was down on the dollar and up on the euro, both moves being mild. The UK currency would likely be prone to volatility on election-day news and speculation.

A moderate list of ex-dividend stocks -- among them Booker, Investec, Rotala, M&C Saatchi, Victrex and WPP -- would also likely weigh on the FTSE to some extent.


On Wall St overnight, the Dow Jones Industrial Average rose 0.77% to 21,173.69, the S&P 500 firmed 0.16% to 2433.14 and the Nasdaq Composite gained 0.36% to 6297.38.

In Asia this morning, the Nikkei 225 had risen 0.04% to 19,991.95, while the Hang Seng firmed 0.21% to 26,027.44.

At 5.55am, WTI crude was up 0.59% to $45.99/bbl, and Brent was up 0.73% to $48.41/bbl. Gold was down 0.49% to $1286.8/oz, with silver down and copper nudging ahead.


Final results are expected from Auto Trader, CMC Markets, FlyBe, First Property and Volex. A shareholder meeting is to be held by Panmure Gordon & Co.