FTSE set for lacklustre start; retailers back in focus
Source - SMW
The FTSE 100 is expected to add around 3 points when trading gets underway on Thursday, partly spurred by overnight gains in the US.
Meanwhile, investors in the UK return to reviewing the underlying performance of companies rather than taking a general market position, given the widely-reported demise of construction company Carillion.
In addition, analysts will be closely watching numbers reported by key retailers, including supermarket giant Tesco, Primark owner Associated British Foods, along with a string of other blue-chips.
In the US overnight, the Dow reached 26,115.63, the S&P 500 climbed to 2,802.56 and the NASDAQ added 1.03% to 7,298.28.
In Asia this morning, markets weren't so upbeat as Chinese economic data failed to impress.
The Nikkei was 104.97 points lower at 23,763.37 and the Hang Seng was down 32.44 points at 31,950.97. COMMODITIES
At round 6:20am, WTI crude was up slightly at $64.01 per barrel and Brent was a pinch lower at $69.36 per barrel.
Gold was 0.85% softer at $1,327.80 per ounce, silver was down 0.76% and copper up by 0.14%.
Trading Statements: Associated British Foods, Chemring, Evraz, Experian, Headlam, Halfords, Ibstock, NewRiver Retail, Royal Mail, Ten Entertainment, Tesco, Workspace, William Hill and Whitbread.
Interim Results: Experian.
AGM's / EGM's: Avacta, Cardiff Property, Keystone Investment Trust, Equatorial Palm Oil and Standard Life Equity Income Trust.
Economic News: RICS House Price Balance.