FTSE set to track Asian, US markets higher on Thursday
Source - SMW
The FTSE 100 is expected to track advances made on markets in Asia and the US overnight, with spread betting firms suggesting a 56 point rise when trading gets underway on Thursday.
A surge in crude oil prices will also offer support for investors, with WTI and Brent both around 1% higher.
Traders in the US appeared to shrug off yesterday's inflation data, which showed that households are paying more for goods and making an interest rate rise by the Fed in March increasingly likely.
The upbeat tone in the US overnight spilled over into Asia this morning with all major markets trading higher, with sentiment to likely to support advances across Europe.
On Wall Street on last night, the Dow gained 253.04 points, or 1.03%, to end the day at 24,893.49.
The S&P 500 added 35.69 points, or 1.34%, to close at 2,698.63 and NASDAQ finished 130.11 points higher at 7,143.62.
Japan's Nikkei 225 was up 288.97 points at 21,443.14 heading into the close.
The Hang Seng was 599.83 points higher at 31,115.43 and the Shanghai Composite was up 14.2 points at 3,199.16.
At around 6:00am, WTI crude was 1.29% higher at $61.38 per barrel and Brent was up 0.96% at $64.98 per barrel.
Gold was 0.07% softer at $1,357 an ounce, silver was broadly unchanged and copper was 0.23% higher.
Trading Statements: AVEVA and Trifast.
Interim Results: Laura Ashley, City Of London Investment Trust and InnovaDerma.
Final Results: Coca-Cola European Partners, ConvaTec, Georgia Healthcare, Indivior, Lancashire, Primary Health Properties, RELX and Romgaz.
AGM / EGM's: Inspirit Energy, Petro Matad, Paragon Banking Group and Sanderson.
Economic Announcements: No significant news due.