Proactive Investors - FTSE 100 expected to open little changed on Tuesday consolidating yesterday’s strong gains with sentiment lifted by the announcement of a deal between the UK and the EU over post-Brexit trading arrangements for Northern Ireland.
Spread betting companies are London’s lead index down by around 2 points.
Michael Hewson at CMC Markets noted: ““Optimism over the UK economy also helped after it was announced that a long-running trade sore could well be confined to the history books, with agreement on the fractious Irish border issue.”
“All the focus will now be on the DUP to see whether the new arrangements pass muster with them.”
“Later this afternoon we have comment from Bank of England officials, John Cunliffe, Chief Economist Huw Pill and external MPC policymaker Catherine Mann, who has become even more hawkish given current trends around increasingly sticky inflation.”
US stocks ended the day in the green, recovering some of the ground lost on Friday, following the worst week of the year on Wall Street.
On Wall Street, the Dow Jones Industrial Average closed up 72.37 points, or 0.2%, at 32,889.29. The S&P 500 rose 12.31 points, or 0.3%, to 3,982.35, and the Nasdaq Composite leapt 72.04 points, or 0.6%, to 11,466.98.
In Asia on Tuesday, the Nikkei 225 index was up 0.1%. In China, the Shanghai Composite was up 0.3%, while the Hang Seng index in Hong Kong was down 0.3%. The S&P/ASX 200 in Sydney closed up 0.5%.
Back in London and the early focus will be results from abrdn, boohoo, Croda, Intertek and Ocado.