25th Feb 2026 06:49
(Alliance News) - London's FTSE 100 is called to open higher on Wednesday, with markets adopting a more risk-on tone ahead of earnings from Nvidia after the closing bell in New York.
IG says futures indicate the FTSE 100 to open 51.1 points higher, 0.5%, at 10,732.09 on Wednesday. The index of London large-caps closed down just 4.15 points at 10,680.59 on Tuesday.
Sterling fell to USD1.3522 on Wednesday morning, from USD1.3536 at the time of the London equities close on Tuesday. The euro rose to USD1.1802 from USD1.1787. Against the yen, the dollar edged up to JPY155.77 from JPY155.71.
In Tokyo on Wednesday, the Nikkei 225 added 2.2%. In China, the Shanghai Composite was up 0.6% in late dealings, while the Hang Seng Index in Hong Kong was up 0.5%. In Sydney, the S&P/ASX 200 added 1.2%.
The yield on the 10-year US Treasury widened to 4.05% on Wednesday morning from 4.04% at the time of the London equities close on Tuesday. The 30-year yield widened to 4.70% from 4.69%.
In New York on Tuesday, the Dow Jones Industrial Average and S&P 500 added 0.8%, while the Nasdaq Composite added 1.0%.
"Markets didn't do especially much new yesterday, even if a more positive risk tone did prevail, as focus turns to earnings from Nvidia after the close tonight," Pepperstone analyst Michael Brown commented.
"As usual, the market will be looking for three things from the firm. A beat, vs. consensus expectations of USD1.50 EPS on revenues of USD65.9 billion; solid guidance for fiscal Q1 27, above the street estimate of USD72.5 billion; and, lastly, bullish commentary from CEO Huang regarding future demand, and the durability of the firm's competitive advantage. All that said, options tied to the stock imply a move of 'only' +/-4.4% after hours. While this is still pretty punchy for a USD5 trillion market cap company, it is nonetheless the smallest post-earnings move that markets have priced in the run up to a quarterly report in almost three years."
Brent fell to USD71.04 a barrel early Wednesday from USD71.16 late Tuesday. Gold rose to USD5,191.04 an ounce from USD5,142.02.
Wednesday's global economic calendar has an inflation print in the eurozone at 1000 GMT and German GDP figures at 0700.
Wednesday's domestic corporate calendar has half-year results from Johnnie Walker and Guinness owner Diageo, and full-year numbers from consumer goods firm Haleon.
By Eric Cunha, Alliance News news editor
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