Proactive Investors - Good morning. The FTSE 100 is expected to ease at the open on Friday, consolidating recent gains, as the US reporting season ticks up a notch with a number of leading banks reporting results.
JPMorgan Chase & Co (NYSE:JPM), Wells Fargo (NYSE:WFC) and CitiGroup all report half-year numbers today.
Spread betting companies are calling London’s blue-chip index down by around 6 points after closing up 24.10 points at 7,440.21 on Thursday.
Tech stocks led Wall Street higher on Thursday, as further proof that inflation is cooling raised hopes that interest rates are close to peaking.
Easing wholesale prices followed Wednesday's better-than-expected inflation figures.
"It looks like markets are once again crossing their fingers and hoping for a soft landing," said Chris Beauchamp at IG Index
The pound continues to march higher at USD1.3126 early Friday, above the USD1.3102 level seen at the London close on Thursday.
Back in London and the early focus will be an update from luxury brand retailer, Burberry.