Source - SMW
FTSE 100 is set to start Wednesday in plus territory, tracking overnight gains on Wall Street, which had a positive influence on Asian markets this morning and is expected to feed through to London.

However, big-ticket miners are likely to come under further pressure given ongoing commodity price weakness.

Next kicks off the retail sector reporting season, with a trading statement covering the key Christmas trading period, which should provide an initial insight into consumer sentiment on the High Street.

Construction PMI data is also due later this morning.

Traders will also be looking to the latest minutes from the Federal Open Market Committee meeting to determine the likely timing of the next US interest rate rise.

At around 6:15am, the index of blue-chip shares was called to open 9 points higher at 7,650.6, according to spread betting firms.

OVERSEAS MARKETS

In the US overnight, the Dow Jones Industrial Average closed 104.79 points (0.42%) higher at 24,824.01.

The broader-based S&P 500 added 22.20 points (0.83%) to end at 2,695.81 and the tech-focussed Nasdaq jumped 103.51 points (1.5%) to 7,006.90.

President Trump was back on twitter, responding to the recent rhetoric from North Korean leader Kim Jong Un, by claiming his "Nuclear Button" is "bigger" than Kim Jong Un's and it "works".

Heading into the close, the Hang Seng gave up earlier gains and was 9.88 points lower at 30,505.43, while the Nikkei 225 remains closed until Thursday and stands at 22,764.94.

The Shanghai Composite advanced 19.24 points to 3,367.56, mainly driven by raw materials, petrochemical and property sectors.

COMMODITIES

At around 6:10am, WTI crude recently up 0.02% at $60.38 per barrel and Brent was flat at $66.57 per barrel.

Gold unchanged at $1,316.10 an ounce, silver was down 0.5% and copper was 0.41% lower.

LONDON MARKETS

Trading statements: Next

Shareholder meetings: Applied Graphene Materials

Economic releases: Construction Purchasing Managers Index (PMI)

Related Charts

FTSE 100 (UKX)

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