Proactive Investors - The FTSE 100 is expected to open higher on Wednesday despite a dull showing in the US and ahead of a slew of PMI readings.
Spread betting companies are calling London’s lead index up by around 20 points after closing up 12.94 points at 7,270.76 on Tuesday, ending its seven day losing streak.
In the US, markets were held back by falls in banking stocks after S&P Global downgraded the credit ratings of several US banks.
"S&P's bank rating downgrades – which came a few days after Moody's downgraded some US small and mid-sized banks and Fitch downgraded the US' rating, came as a reminder that the rising rates won't be benign for banks as depositors move their funds into higher interest-bearing accounts, increasing banks' funding costs," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
The Dow fell 0.5%, the S&P 0.3% but the Nasdaq eked out a small gain of 0.1%.
Back in London, and aside from the PMI figures the main early focus will be results from Costain.
In the US, results from Nvidia take centre stage after the closing bell.