30th Mar 2015 06:00
LONDON (Alliance News) - UK stocks are set to open higher Monday following a positive end to trading on Wall Street on Friday and a strong performance in Asian stocks over night.
IG says futures indicate the FTSE 100 will open 36.1 points higher at 6,891.1. The index closed down 0.6% at 6,855.02 Friday as the heavily weighted commodity sector underperformed.
Walls Street ended higher on Friday. The DJIA closed up 0.2%, the S&P 500 ended up 0.2% and the Nasdaq Composite closed .
In Asia on Monday, the Japanese Nikkei closed up 0.6%. The Hang Seng is up 1.7%, and the Shanghai Composite trades up 2.0%.
In the corporate calendar there are final results from AA, Polymetal International, and Al-Noor Hospitals Group. There is also a trading update from Compass Group.
In the economic calendar, there is UK consumer credit and mortgage approval data at 0930 BST, eurozone consumer confidence is at 1000 BST ahead of German consumer prices at 1300 BST. Later in the day US personal income and spending data is at 1330 BST and pending home sales is at 1500 BST.
By Neil Thakrar; [email protected]; @NeilThakrar1
Copyright 2015 Alliance News Limited. All Rights Reserved.
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