Markets in London are set to rise when trading gets underway despite a mixed performance overnight in both Asia and the US.
Financial spread bet firms see the FTSE 100 adding up to 30 points and reversing losses seen on Tuesday, when the index closed 20 points down at 6,275.
US markets were largely flat with the Dow Jones Industrial Average adding 28 points while there was modest decline on the Nasdaq and the S&P was flat.
Asian markets were influenced by another slowing in industrial production in China, where October saw a 5.6% rise compared to 5.7% the month previously and forecasts of a rise to 5.8%.
Retail sales remained strong, nonetheless, rising 11%.
Overnight, Shanghai was little changed, while there were modest gains in Tokyo and a small loss in Hong Kong.
Supermarket chain Sainsbury’s (LON:SBRY) is the focus in UK company news this morning.
The retail group modestly upgraded full-year profit expectations at the end of September after sales and cost savings topped hopes.
Analysts duly upped their forecasts, lifting the consensus to £573mln from £548mln, with a half-year estimate of £269mln – down nearly 30% year-on-year.
Hargreaves Lansdown's Keith Bowman said: "Having flagged “an improvement in our key trading metrics” at the Q2 update, management outlook comments will be closely scrutinised.”
Recently hacked telecoms firm TalkTalk (LON:TALK) will also issue an update.