FTSE picked to open cautiously as Opec meets

London equities are picked to open cautiously as the market looks to Vienna and cartel Opec's meeting today, about which doubts predictably exist on whether crude cuts will be actually achieved amid the global glut.

In UK, investors will be looking to mortgage approvals, net lending and money supply data, while in US personal income and spending, and crude inventories, are among the figures to be anticipated this afternoon.


On Wall St overnight, Dow Jones Industrial Average rose 0.12% to 19,121.6, the S&P 500 firmed 0.13% to 2204.66 and the Nasdaq Composite gained 0.21% to 5379.92.

In Asia this morning, the Nikkei 225 had fallen 0.03% to 18,300.83, while the Hang Seng firmed 0.22% to 22,787.13.

At 6.02am, WTI crude was up 0.6% to $45.5/bbl and Brent was down 0.82% to $46.76. Gold was up 0.11% to $1192.1/oz.


Interim results are due from Alpha Bank, Abzena, BCA Marketplace, Findel, LondonMetric Property, RPC Group and TCS Group. Final results are expected from Brewin Dolphin, Britvic, F&C UK Real Estate Investments, Sage Group and Sanderson Group.

Trading statements are due from IG Group and Merlin Entertainments. Meantime, Aura Energy, Ferrum Crescent, Genedrive, Picton Property Income, Ruffer Investment Company, Salt Lake Potash and Weatherly International hold shareholder meetings.