The FTSE 100 is expected to start Thursday on the front foot as global equity markets were given a temporary pause from volatility.
IG Markets sees London’s blue-chip index up around 17 points, making the price 6,764 to 6,767 with just over an hour to go until the open.
It follows on from a calm Wednesday session which came and went without any major market shaking headlines.
“Volatility in the markets was low across the board yesterday. There was no change to the macroeconomic outlook, hence why trading ranges were relatively small,” said David Madden, analyst at CMC Markets.
“The health crisis is still bubbling away in the background, which means that governments are expected to maintain their current lockdowns. To an extent, that is being counteracted by the distribution of vaccines but realistically speaking that process will be drawn out.”
On Wall Street, the Dow Jones closed in negative territory dipping 8 points or 0.02% to finish Wednesday’s session at 31,060.
The S&P 50 marked a 0.23% gain as it closed at 3,809 and the Nasdaq had added 0.43% as it ended the trading day at 13,128.
The small-caps Russell 2000 index, meanwhile, dropped 0.75% to finish Wednesday at 2,111.
In Asia, Japan’s Nikkei this morning advanced 241 points or 0.85% to trade at 28,698 whilst Hong Kong’s Hang Seng moved up 0.59% to 28,426.
The Shanghai Composite traded negatively, down 0.8% at 3,569.
Around the markets
The pound: US$1.3654, down 0.04%
Gold: US$1,843 per ounce, down 0.24%
Silver: US$25.27 per ounce, down 0.3%
Brent crude: US$55.97, down 1.07%
WTI crude: US$52.90, down 0.58%
Bitcoin: US$37,864, up 11.42%