FTSE to open amid higher oil prices after Opec cut

London equities are due to open with oil prices at around $50 a barrel or more after cartel Opec agreed an output cut, but a mixed session on Wall St's stocks ladders and slim gains in Asia point to cautious early FTSE trades.

At least some ballast will be provided today by a string of ex-dividend stocks in London, and the market will be looking out for UK, EU and US manufacturing data, along with jobless numbers for the latter two.

US & ASIA

On Wall St last night, Dow Jones Industrial Average rose 0.01% to 19,123.58, the S&P 500 fell 0.27% to 2198.81 and the Nasdaq Composite shed 1.05% to 5323.68.

In Asia this morning, the Nikkei 225 had risen 1.03% to 18,497.00, while the Hang Seng firmed 0.55% to 22,915.56.

At 6.12am, WTI crude was up 1.36% $50.11/bbl and Brent was up 8.82% to $50.47/bbl. Gold was up 0.21% to $1176.8/oz.

LONDON MARKETS

Interim results are due from Market Tech Holdings, while final results are expected from Greencore, Hotel Chocolat, Ibex Global, The Brighton Pier Group, PureCircle, Revolution Bars and Rambler Metals & Mining.

Shareholder meetings are to be held by ASOS, Hotel Chocolat, Ibex Global Solutions, The Brighton Pier Group, PureCircle, Revolution Bars and Rambler Metals and Mining.