FTSE seen opening tentatively amid macro, Opec factors

London equities are seen starting today's session tentatively as traders look to Bank of England's financial stability report and FPC statement late morning, and US preliminary GDP numbers later this afternoon.

Markets for stocks and commodities remain very jittery after UK's non-binding Brexit vote and Donald Trump's presidential election win in the US.

Oil prices are prone to volatility ahead of Opec's meeting on Nov. 30 in Vienna, where the cartel is expected to introduce a production cap.


On Wall St overnight, the Dow Jones Industrial Average fell 0.28% to 19,097.9, the S&P 500 lost 0.53% to 2201.72 and the Nasdaq Composite eased 0.56% to 5368.81.

In Asia this morning, the Nikkei 225 had fallen 0.24% to 18,313.04, while the Hang Seng lost 0.22% to 22,780.04.

At about 6.10am, WTI crude was down 0.85% to $46.68/bbl and Brent was down 0.91% to $47.80/bbl. Gold was down 0.05% to $1193.2/oz.


Interim results are due from Acal, Cranswick, Digital Barriers, Eckoh, GB Group, Hogg Robinson, IG Design, KCOM Group, Motorpoint Group, Park Group, Torotrak and Versarien.

Final results are expected from Patisserie Holdings, Countryside Properties, Easyhotel, Shaftesbury, SSP Group and Topps Tiles.

Shareholder meetings are being held by CAP-XX, Mysale, Scotgold Resources, Sabien Technology and Wolf Minerals.