7.00am: FTSE 100 set to open lower
FTSE 100 set to make a weaker start on Wednesday, after strong gains yesterday, with UK Prime Minister Liz Truss set to deliver her keynote conference speech, and oil-producing nations meet to discuss their production strategy.
Spread betting companies are calling London’s blue-chip index down by around 23 points.
US markets enjoyed a second consecutive day of strong gains as weaker than expected US job postings gave investors hope that the Federal Reserve may take its foot of the accelerator with regard to the pace of future interest rate increases.
At the close the Dow Jones Industrial Average had stormed 825 points higher, or 2.8%, to 30,316, the S&P 500 had advanced 113 points, or 3.06%, to 3,791 and the Nasdaq Composite soared 361 points, or 3.34%, to 11,176.
In London, results from Tesco (LON:TSCO) will lead the corporate news agenda.