(MENAFN- ProactiveInvestors) London’s blue-chip stocks are expected to start Tuesday in positive territory as traders follow US and Asian markets higher.
Wall Street stretched again to new record highs with the S&P 500 raising its intraday bar before closing at 2129 for about a 0.3% gain. The Dow Jones marked a 0.14% rise for Monday closing at 18298 and at one point breaking its prior record high set in March. Meanwhile the NASDAQ was up 0.6%.
Carl Icahn the activist investor and Wall Street celeb help push share higher wrote an open letter saying was misunderstood by most investors and claimed the stock should be worth 80% more than the current price.
It appears that Wall Street is wavering towards positivity ahead of this week’s publication of Federal Reserve meeting minutes and other economic indicators for US housing and inflation.
Asian markets followed America higher and shortly in Europe the focus will be on an upcoming Eurozone inflation report.
Japan’s Nikkei rose 0.8% to 20051 while Hong Kong’s Hang Seng gained around 0.3%. Shanghai’s Composite benchmark saw the region’s most pronounced rise gaining 2.7% and Korea’s Kospi was up 0.5%.
In commodity markets Brent crude futures dropped almost 1% to US$66 while West Texas Intermediary crude was 0.5% lower at US$59.40 and gold held much of its recent gains down 0.4% it was trading at around 1222.
London’s FTSE 100 is set to start the day in positive ground with IG Markets the CFD and spreadbetting firm predicting the open about 9 point higher at 6978 to 6979.
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