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FTSE 100 set to tread water ahead of US jobs report

The top-share index is set to open little changed from last night's record closing high, despite strength overnight on global markets.

The US and Asian markets were playing catch-up, after the European Central Bank (ECB) fired the starting gun on its quantitative easing programme.

The ECB's commitment cemented gains in London, pushing the FTSE 100 up to a new high of 6,961, and spread betting quotes suggest the Footsie will open on or around that level this morning, ahead of the release of the closely-watch US jobs report for February this afternoon.

Overnight, the Dow Jones average rose 38 to 18,136 in the US, while the broader-based S&P 500 added three points at 2,101. The NASDAQ Composite advanced 16 points to 4,983.

Asian markets were mostly firmer, although in Hong Kong the Hang Seng index continued its poor run, and was off 33 points at 24,162 while in Shanghai the Composite index shed five e points at 3,243.

Japan's Nikkei 225 had a good session, climbing 219 points to 18,971.

In London, it is looking like a relatively quiet day on the corporate news front, although the extraordinary general meeting of Rangers (LON:RFC) football club might serve up more excitement than some of the club's recent matches.

The meeting will take place at Ibrox, the club's stadium, and Dave King is expected to be announced as winner in the battle for the football club.


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