London’s FTSE 100 is expected to start Thursday positively, despite tough trading elsewhere for equities.
Much of Thursday’s macro focus will be turning to tomorrow’s US employment stats, with April’s non-farm payroll figures due.
Last night Wall Street closed lower. The Dow Jones shed 99 points, or 0.56%, to 17,651. The S&P 500 dipped 0.6% to 2,051 and the Nasdaq was down 0.79% to 4,725.
In Asia equity markets were also lower. Japan’s Nikkei fell 3.1% to 16,147, while Hong Kong’s Hang Seng dipped just 0.3% to 20,451.
The Shanghai Composite was essentially flat at 2,992.
Similarly, Australia’s ASX 200 was largely unmoved at 5,272.
In London, IG Markets sees the FTSE 100 starting some 30 points higher as the spreadbetting and CFD firm calling the blue chip benchmark at 6,132 to 6,137.