FTSE seen cautious ahead of Autumn Statement

London stocks are seen opening cautiously as traders look to UK Chancellor Philip Hammond's Autumn Statement at about 12.30pm, this in the wake of Wall St posting heady gains overnight.

On the data front, EU purchasing-managers' indices for France, Germany and the euro zone take centre stage, while in the US it is jobless claims, goods orders and manufacturing data in focus.


On Wall St last night, the Dow Jones Industrial Average rose 0.35% to 19,023.87, the S&P 500 firmed 0.22% to 2202.94 and the Nasdaq Composite gained 0.33% to 5386.35.

In Asia this morning, the Nikkei 225 had risen 0.31% to 18,162.94, while the Hang Seng firmed 0.08% to 22,695.18.

At 6.26am, WTI crude was down 0.48% to $47.8/bbl and Brent was down 0.49% to $48.88. Gold was up 0.06% to $1211.9/oz.


Interim results are due from United Utilities and Vectura. Final results are expected from Future, Paragon Group and Thomas Cook. Shareholder meetings are scheduled for Base Resources, Draganfly Investments, Oilex, Prairie Mining, Pantheon International and Transense Technologies.