FTSE seen little changed on Friday

The FTSE 100 is expected to open around 2.5 points higher at 7,768.2 according to spread betting firms, which seems rather measly following gains registered in the US overnight.

This comes on the back of a solid performance for London's blue-chips, which saw the index rise to 7,762.94 points by the close of play.

Trading volumes are expected to remain relatively low, given the lack of Corporate and economic news due today, following the latest batch of updates from the retail sector.

Nevertheless, traders will be keeping an eye out for the latest numbers from pub and restaurant group Mitchells & Butlers.


In the US last night, the Dow Jones added 205.60 points (0.81%) to close at 25,574.73.

The S&P 500 gained 19.33 points (0.70%) to end at 2,767.56 and the tech-focussed NASDAQ closed 58.21 points (0.81) higher at 7,211.78.

In Asia this morning, markets were mixed.

The Nikkei was down 81.08 points (0.34%) at 23,629.35 and the Hang Seng was up 166.49 points (0.53%) at 31,286.88.

Meanwhile, the Shanghai Composite was 3.09 points lower at 3,422.26.


At round 6:00am, WTI crude was down 0.28% at $63.62 per barrel and Brent was unchanged at $69.26 per barrel.

Gold was 0.48% higher at $1.328.80 per ounce, silver was up 0.88% and copper by 0.17%.


Trading Statements: Mitchells & Butlers, Tarsus and XP Power.

AGM's / EGM's: JPMorgan Elect Managed Growth SHS, JPMorgan Elect Managed Cash, JPMorgan Elect Managed Income and Nanoco.