FTSE 100 preview: Shares higher on G20 news
The FTSE 100 is seen opening up on Tuesday, tracking gains in the US where the Dow Jones Industrial Average hit a 13-month high after the Group of 20 pledged to keep aid flowing to the world economy.
Market watchers: Banks will be in focus today.
Financial bookmakers expect the UK blue-chip index to gain as much as 0.7% on opening, having hit its highest closing level in more than two weeks the previous session, rising 92.46 points, or 1.8%, to 5,235.18.
House prices in England and Wales rose last month at their strongest rate in almost three years, buoyed by tight supply and record low interest rates, a survey showed on Tuesday.
British retail sales values rose last month at their fastest annual pace since April to notch up their best showing for a month of October in seven years, a survey showed on Tuesday.
UK September trade balance numbers will be released. Investors' attention will also be drawn across the Atlantic, to the US ABC Consumer Confidence figures for the week ending Nov. 8.
Barclays and HSBC release trading updates today.
Europe's banks are lobbying to delay new rules on trading capital requirements and have privately warned that hasty reforms could harm lending, the Financial Times reported on Tuesday, citing unidentified bankers.
Rio Tinto is running its Australian iron ore operations at maximum capacity to meet strong demand for the steel-making raw material, its chief said on Tuesday.
Accenture, the management consultancy, has lost an initial ruling in its High Court battle with BG Group over an IT system, the utilities firm claims reduced its billing system to a shambles, reported The Times.
There will be updates today from Vodafone, Randgold Resources, Imperial Tobacco, Intercontinental Hotels, Schroders, Babcock International, Cookson Group, Northern Foods and Yell Group.
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