FTSE set to open higher after upturns in Asia and US
Source - SMW
The FTSE 100 looks set to start the week in positive territory after markets in Asia advanced this morning and following solid gains on Wall Street on Friday.
Financial spread betting firms are indicating an advance of around 86 points at the start of trading.
Despite Friday's gains in the US, the Dow recorded its worst weekly performance in two years, due to reignited inflation fears, rising yields among other market concerns.
On Wall Street on Friday, the Dow regained 330.44 points, or 1.38%, to end the session at 24,190.9.
The S&P 500 added 38.55 points, or 1.49%, to close at 2,619.55 and NASDAQ finished 97.33 points higher at 6,874.49.
In Asia this morning, the Nikkei 225 closed.
Meanwhile, the Hang Seng was 220.79 points higher at 29,728.21 heading into the close and the Shanghai Composite was up 20.44 points at 3,150.29.
At around 6:00am, WTI crude was 1% higher at $59.79 per barrel and Brent was up 0.83% at $63.31 per barrel.
Gold was 0.78% firmer at $1,326 an ounce, silver was up 0.58% and copper was 1.6% higher.
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