(MENAFN- ProactiveInvestors) London’s blue chips are set for a bright start after another slew of all-time highs on Wall Street overnight.
Financial spread bet firms expects Footsie to open up to ten points higher and add to yesterday’s 37 point gain to 6709.
London is nowhere near the highs being hit daily in the US by its main share indices and investors shrugged off the prospect of a snap election in Japan to push them even higher Tuesday.
The Dow Jones Industrial Average closed 40 points higher at 17688 while the S&P 500 also closed at its highest mark ever. Nasdaq was not quite as strong but it closed at its highest points since March 2000.
Mega mergers underpinned the rise with Actavis almost 9% higher after its deal to acquire Allergan for US$66bn. meanwhile is being bought by for US$35bn.
Today’s focus will be on the minutes from the latest Federal Reserve Meeting.
Asian stocks were weaker generally. Japan continued to slide after the shock news Monday it was back in recession. There were also falls in Hong Kong and Shanghai.
Wednesday sees second quarter results from not-long privatised postal giant () and the general analysts view has been that we can expect falling profits.
The firm floated a year ago and this summer in its first quarter trading update said that in the UK parcel revenues fell 1% as it battled companies like TNT and DHL.
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