The FTSE 100 looks set to fall by around 25 points when trading gets underway on Thursday, according to the spread betting firms, as political leaders address the world economic forum in Davos. The pound strengthened against the dollar overnight, but this was largely put down to general dollar weakness against several currencies rather than the strength of the pound. Sentiment is also likely to be impacted by a sell-off in Asia this morning and a mixed performance on Wall Street overnight. Key numbers due today include trading updates from retailer ASOS, drinks group Diageo, along with several mining and financial stocks. Traders will also be assessing the latest High Street lending data. Another key event is the January ECB meeting where forward guidance will be reassessed on the back of changes to the state of the European economy. OVERSEAS MARKETS In the US overnight, the Dow closed 41.31 points higher at 26,252.12, the S&P 500 fell 1.59 points to end at 2,837.54 and the NASDAQ dropped 45.23 points to 7,415.06. In Asia, the Nikkei 225 was 282.99 points lower at 23,657.79 heading into the close. The Hang Seng was also lower at 32,898.37. COMMODITIES At 6:10am, WTI crude was 0.98% higher at $66.25 per barrel and Brent was up 0.64% at $70.98 per barrel. Gold was 0.57% firmer at $1,369.10 per ounce, silver was up around 1% and copper by 0.68%. LONDON MARKETS Trading Statements: Anglo American, ASOS, Brewin Dolphin, Close Brothers, CMC Markets, Diageo, Daily Mail and General Trust, Euromoney Institutional Investor, Fuller Smith & Turner, Genel Energy, Greene King, Great Portland Estates, Kaz Minerals, Kier, PayPoint, Restaurant Group and St James's Place. Interim Results: CPL Resources, Renishaw and Sky. Final Results: Blue Prism. AGM's / EGM's: The Conygar Investment Company, Countryside Properties, Game Digital, Henderson European Focus Trust, ITE, LightwaveRF, McCarthy Stone, Optibiotix Health, RDI REIT and Standard Life Private Equity Trust. Economic Announcements: High Street Lending data and CBI Realized Sales figures.
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