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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

FTSE100 seen lower after Tuesday's gains

Miners could be on the rebound on Wednesday, however, after falling yesterday.

The UK’s main marker looks set for a flat start to the morning, according to spread betting firm IG.

After climbing 60 points by the end of Tuesday, the FTSE100 is expected to ease back around 10 points to 6,304.

Overnight, Asian stocks performed mostly well, with Japan’s Nikkei rising 52 points to 19,034, while the Shanghai Composite nudged a couple of points.

IG’s Angus Nicholson, said: “News of copper output cuts in China and expectations for oil inventories to decline in today’s EIA data have set the scene for strong gains for materials and energy stocks in the region, as well as commodity-related currencies.”

The miners could be on the rebound, after Anglo American (LON:AAL) slid 6.3% and index heavyweight BP (LON:BP.) shed 1.4% on Tuesday.

It comes after Wall Street posted another strong finish, with the Dow Jones rising 193 points or just over 1.1% to 17,721.

The S&P 500 added about 22 points, or 1%, on Tuesday to 2,078 while the Nasdaq rose 1.3% to 5,108.

There's little on the corporate front this morning, as, it would appear, companies continue to put their feet up for the holidays.

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