The FTSE 100 is expected to erase yesterday's losses taking its cue from overnight progress on Wall Street rather than mixed trading in Asia as global markets await US inflation data due later today. Financial spread betting firms are pointing to a 31 point rise when trading gets underway. However, limited Corporate or economic news in the UK is likely to restrict any major directional shift. OVERSEAS MARKETS On Wall Street on last night, the Dow gained 39.18 points, or 0.16%, to end the day at 24,640.45. The S&P 500 added 6.94 points, or 0.26%, to close at 2,662.94 and NASDAQ finished 31.55 points higher at 7,013.51. In Asia this morning, the Nikkei 225 was down 63.12 points at 21,181.56 heading into the close. The Hang Seng was 357.44 points higher at 30,196.97 and the Shanghai Composite was up 8.06 points at 3,193.02. COMMODITIES At around 6:00am, WTI crude was unchanged at $59.19 per barrel and Brent was up 0.16% at $62.82 per barrel. Gold was 0.53% firmer at $1,337.4 an ounce, silver was up 0.47% but copper was 0.09% lower. LONDON MARKETS Interim Results: Galliford Try. Final Results: Coca-Cola HBC, Plus500 and Shire. GM's: Rockrose Energy and Vast Resources. Economic Announcements: No significant news due.
0.00p (0.00%)delayed 16:35PM