Proactive Investors - Good morning. The FTSE 100 is expected to open higher despite further heavy losses on Wall Street as the banking turmoil hitting midsized US bans showed no signs of easing.
Spread betting companies are calling London’s lead index up by around 23 points.
In New York, the Dow Jones Industrial Average tumbled 286.50 points, or 0.9%, at 33,127.74. The S&P 500 declined 29.53 points, or 0.7%, at 4,061.22 while the Nasdaq Composite fell 58.93 points, or 0.5%, at 11,966.40.
But after the closing bell, Apple (NASDAQ:AAPL) provided better news, topping Street expectations despite reporting a fall in revenue and net income.
In Asia, markets were mixed with gains in Hong Kong but falls in China.
Back in London and the early focus will be results from British Airways (LON:ICAG) owner, IAG, while investors will also digest results from the local elections which saw the ruling Conservative party nurse heavy losses.
Attention will then switch back across the pond later with US non-farm payrolls figures before trading restarts in the US.