13th Feb 2015 06:56
LONDON (Alliance News) - London markets are set to open higher Friday, as investors remain confident after a ceasefire agreement was reached for Ukraine Thursday, despite the uncertainty still surrounding the future of Greece.
IG futures indicate the FTSE 100 to open 31 points higher at 6,859,9. The index closed up 0.2% at 6,828.11 on Thursday, despite a report from the Bank of England that signalled an earlier rate hike than investors had anticipated.
Wall Street also ended higher Thursday. The DJIA closed up 0.6%, the S&P 500 ended up 1% and the Nasdaq Composite finished up 1.2%.
In Asia on Friday, the Japanese Nikkei 225 closed down 0.4%, and the Hang Seng trades up 0.9%. The Shanghai Composite is trading up 1%.
Brent crude is quoted at around USD60.22 a barrel Friday, and US benchmark West Texas Intermediate is quoted at USD52.00 a barrel. Gold is quoted early Friday at USD1,230.51 an ounce.
In the economic calendar Friday, German fourth-quarter GDP is due at 0700 GMT, while eurozone fourth-quarter GDP is at 1000 GMT. The UK Leading Economic Index is at 1000 GMT.
In the UK corporate calendar, Rolls-Royce, Anglo-American and Riverstone Energy will provide full-year results. Severn Trent and S&U will release trading statements.
By Daniel Ruiz; [email protected]
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