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FTSE tipped to open higher as China rate concerns wane

PRE-OPEN REPORT: Headline shares are tipped to open nineteen to twenty-five points higher today, according to financial websites, with global markets buoyed after China avoided raising rates despite soaring inflation.

US & ASIA

In the US Friday, the Dow rose 40 points at 11,410, the Nasdaq Composite added 21 points at 2,638 and the S&P500 gained 7 points at 1,240.

In Asia today, the Nikkei was last up 46 points at 10,258, while the Hang Seng ended the morning ahead 72 points at 23,235.

Crude oil traded at $88.13 a barrel on Nymex.

Gold settled at $1,387 an ounce.

LONDON MARKETS

In a thin corporate diary today, interim results are due from AssetCo, iEnergizer, Polar Cap Technology Trust and Spice.

Cheerful Scout, KleenAir Systems International, Petmin, Physiomics, Schroder Income Growth Fund, Starvest and Watford Leisure host their AGMs.

Story provided by StockMarketWire.com

13/12/2010