Proactive Investors - Good morning and it could be a more muted start to the day for the FTSE 100 after the stellar gains yesterday.
Spread betting companies are calling London’s blue-chip index down by around 6 points after closing up 136.00 points at 7,628.21 on Tuesday.
US markets market ended higher after more dovish rhetoric from a leading Federal Reserve official but there may be some caution today ahead of the release of the FOMC minutes.
Federal Reserve Bank of Atlanta President Raphael Bostic reiterated that he doesn’t think policymakers need to raise interest rates any further and that policy is restrictive enough to bring inflation back to their 2% goal.
"I think that our policy rate is at a sufficiently restrictive position to get inflation down to 2%," Bostic said at the annual convention for the American Bankers Association.
"I actually don’t think we need to increase rates anymore," he added.
Ipek Ozkardeskaya, senior analyst at Swissquote Bank said: “Due today, the FOMC minutes will remind investors that ‘the rates will stay higher for longer’ if inflation remains above target.”
Today sees the release of US PPI figures with CPI data to follow on Thursday.
Back in London, and the early focus will be an update from pub chain, Marstons (LON:MARS).