Proactive Investors - FTSE 100 is expected to open higher on Wednesday as US markets broke their four day losing streak.
Spread betting companies are calling the lead index up by 23 points.
Michael Hewson chief market analyst at CMC Markets UK said: “After 4 days of losses US markets just about managed to break their losing streak, with the focus this week very much on Friday’s PCE report and US consumer spending reports for November, which has thus far held up reasonably well this year, despite declining consumer confidence.”
At the close the S&P 500 was up 0.1% at 3,822, the Dow reached 32,850 for a 0.3% gain, and the Nasdaq was flat at 10,547.
In a positive sign for consumer confidence, Nike (NYSE:NKE) reported strong revenue growth in its second quarter, sending its shares up 13% in after-hours trade in New York.
Back in London and the early focus will be on UK public finances numbers for November while results are due from Bunzl (LON:BNZL) and Carnival (NYSE:CCL).