FTSE 100 set to open slightly higher on Tuesday following further strong gains in the US and as Rishi Sunak prepares to be officially appointed as prime minister.
Spread betting companies are calling London’s blue chip index up by around 11 points.
US markets made further strong advances on Monday, extending last week’s gains, shrugging aside weak economic data which suggested that the Fed’s aggressive rate raising strategy aimed at tackling soaring inflation may be slowing the economy too.
At the close the DJIA was up 418 points, or 1.34%, to 31,501, the S&P 500 rose 45 points, or 1.2%, to 3,798 and the Nasdaq Composite jumped 93 points, or 0.86%, to 10,953.
HSBC (LON:HSBA) PLC was 2.6% lower in Hong Kong, after the China-focused bank reported a decline in profit and revenue in the third quarter.
In the three months to September 30, HSBC reported pre-tax profit of $3.15 billion, down 42% from $5.40 billion a year before.