FTSE preview: Shares up; BT & miners report

 

The FTSE 100 is expected to open higher on Thursday as Chinese economic data lifted commodity prices while strength on Wall Street indicated that appetite for risk remains intact.

People walk past London's Stock Exchange

Taking stock: Shares expected to bounce back today.

The blue chip index is seen rising as much as 0.3% by financial bookmakers after it fell 1% on Wednesday to close at 5,816.94 points.

Chinese consumer price inflation in October increased to its highest rate in two years, which is likely to sharpen criticism from Beijing and others that the Federal Reserve's $600bn money printing scheme will make price rises harder to contain.

The dollar fell, lifting commodity prices, with copper sharply higher, likely to support heavyweight mining stocks, while oil reached a 25-month high for a fifth consecutive session on Thursday.

There is no significant domestic data due for release today and Federal government offices and bond markets are closed in the United States for the Veteran's Day public holiday, so investors will focus on the G20 summit which continues until Friday.

Investors will also look at corporate data, with companies including BT Group and Land Securities releasing numbers.

There will be updates today from Vedanta Resources, Eurasian Natural Resources, International Power, Amec. BT Group, Land Securities, Resolution, Balfour Beatty, Cookson Group, Dairy Crest, Euromoney Institutional Investor, 3i Group, IMI, The Restaurant Group, Trinity Mirror, Wincanton, and Yule Catto & Co.

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