News

You're not signed in
Sign in
Sign up

FTSE seen opening higher

LONDON (Reuters) - FTSE 100 <.FTSE> is expected to open up 31 points, or 0.6 percent higher on Friday according to financial bookmakers, rebounding from the previous session's losses with stronger commodity prices seen supporting resource-related shares. The blue-chip index closed 74.43 points lower, or down 1.4 percent, at 5,267.70 on Thursday in the third straight session of losses. The index is down 0.5 percent so far this week, on track for the first weekly fall in three weeks.

20 November 2009 06:28 GMT

138673

LONDON (Reuters) - FTSE 100 <.FTSE> is expected to open up 31 points, or 0.6 percent higher on Friday according to financial bookmakers, rebounding from the previous session's losses with stronger commodity prices seen supporting resource-related shares.

The blue-chip index closed 74.43 points lower, or down 1.4 percent, at 5,267.70 on Thursday in the third straight session of losses. The index is down 0.5 percent so far this week, on track for the first weekly fall in three weeks.

Mining firms on the index are expected to benefit from stronger metals prices, while a rise in crude oil prices towards $78 a barrel is expected to lift energy firms.

Weakness on Wall Street overnight and in Asia are seen capping some gains on the FTSE 100. Trading is expected to be subdued with no UK economic data is set for release and a lack of major companies reporting.

Across the Atlantic data to be released include the Economic Cycle Research Institute's Weekly Leading Index, a measure of future U.S. growth, due at 3:30 p.m..

FULLER SMITH & TURNER

The pub group reports first-half results.

(Reporting by Harpreet Bhal)

(c) Reuters 2012. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Ads by Google

Share

No comments yet

You need to be logged in to comment.

Don't have a mySTV account? Create one now it's easy

Watch now

Video