The FTSE is currently indicating a slightly higher opening, as traders are wondering if the US equities rally yesterday will translate in gains on this side of the ocean. With all the major indices indicating higher openings and crude oil trading lower, the FTSE could spend the whole day in the green, a perfect present before the weekend.
The FTSE has made a better fist of it today and is showing strength relative to other major indices. The relatively heavy weighting in energy stocks is pushing the UKs benchmark index higher, with help from resurgent resource stocks such as Antofagasta. Overall though the sun isnt shining on all global equities and the FTSEs gains could easily be erased between now and the close.