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FTSE set to open higher ahead of inflation data

Tuesday, 13th February 2018
The FTSE 100 is expected to open around 8 points higher this morning, according to financial spread betting firms, extending yesterday's solid gains as the recent volatility shows signs of calming.

Inflation data, due later this morning, will provide traders with a further insight into the health of the economy and future interest rates.

Wall Street continued to claw back last week's heavy losses, which is expected to provide further momentum for markets across Europe at the open.

Meanwhile markets in Asia were mixed, suggesting that caution remains in certain regions.

In addition, further commodity strength looks set to provide additional support for mining and oil and gas stocks.

OVERSEAS MARKETS

On Wall Street on overnight, the Dow gained a further 410.37 points, or 1.7%, to end the day at 24,601.27.

The S&P 500 added 36.45 points, or 1.39%, to close at 2,656 and NASDAQ finished 107.47 points higher at 6,981.96.

In Asia this morning, the Nikkei 225 resumed trading and was down 127.77 points at 21,254.85 heading into the close.

The Hang Seng was 452.69 points higher at 29,912.32 and the Shanghai Composite was up 31.77 points at 3,185.9.

COMMODITIES

At around 6:00am, WTI crude was 0.57% higher at $59.63 per barrel and Brent was up 0.59% at $62.96 per barrel.

Gold was 0.17% firmer at $1,328.7 an ounce, silver was up 0.09% and copper was 1.04% higher.

LONDON MARKETS

Interim Results: A&J Mucklow, Oncimmune, and Pan African Resources.

Final Results: Acacia Mining and XL Media.

AGM's: F&C Capital & Income Investment Trust, Fastforward Innovations, MXC Capital, Pressure Technologies, RWS, TUI AG and Watkin Jones.

Economic News: Consumer Price Index, Producer Price Index, Retail Price Index and House Price Index readings.




Story provided by StockMarketWire.com


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