London equities are set for a stronger start on Wednesday as investors adopt a more risk-on stance ahead of Nvidia’s closely watched earnings release after the New York close.
Futures indicate the FTSE 100 will open around 51 points higher, up 0.5% at 10,732. The index finished Tuesday marginally lower, slipping 4.15 points to 10,680.59.
Sterling edged down to $1.3522 from $1.3536 at Tuesday’s London close. The euro firmed slightly to $1.1802 from $1.1787, while the dollar ticked up against the yen to ¥155.77 from ¥155.71.
US Treasury yields moved modestly higher. The 10-year rose to 4.05% from 4.04%, and the 30-year yield increased to 4.70% from 4.69%.
Asian markets traded higher. Japan’s Nikkei 225 gained 2.2%, the Shanghai Composite rose 0.6% in late dealings, Hong Kong’s Hang Seng added 0.5%, and Australia’s S&P/ASX 200 climbed 1.2%.
In New York on Tuesday, US equities advanced, with the Dow Jones Industrial Average and the S&P 500 both rising 0.8%, while the Nasdaq Composite gained 1.0%..
Brent crude slipped slightly to $71.04 a barrel from $71.16 late Tuesday, while gold rose to $5,191.04 an ounce from $5,142.02.
On the macro front, investors will be watching eurozone inflation data at 1000 GMT and German GDP figures at 0700.
In the UK corporate calendar, half-year results are due from Diageo, owner of Johnnie Walker and Guinness, while consumer goods group Haleon will report full-year numbers.
