FTSE seen sideways, mildly firmer after Wall St gains
Source - SMW
London shares will open sideways to mildly firmer, following on from yesterday's gains and rises in Wall St and Asia overnight.
Investors remained focused on UK, Brexit and its hung parliament, and they were sensitive to news on these and relevant economic data.
Today's corporate and macro diary is slim, with the market looking to this afternoon's US current account and Fed monetary policy report.
US & ASIA
On Wall St overnight, the Dow Jones Industrial Average improved 0.68% to 21,528.99, the S&P 500 firmed 0.83% to 2453.46 and the Nasdaq Composite added 1.42% to 6239.01.
In Asia this morning, the Nikkei 225 had added 1.13% to 20,294.57, while the Hang Seng fell 0.08% to 25,903.82.
At 5.55am, WTI crude was up 0.02% to $44.21/bbl and Brent was up 0.11% to $46.96. Gold and copper were each down a little, while silver added a jot.
Shareholder meetings are to be held by 21st Century Technology, Coca-Cola HBC, Evraz, Faroe Petroleum, Marwyn Value Investors and Water Intelligence. Interim results are due from Wolseley.