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FTSE 100 set to open modestly higher

FTSE 100

The FTSE 100 is set to open the week in positive territory with the resilience of the US economy, rather the fall-out caused by Brexit.

The spread betters are predicting the index of blue-chip shares will follow Friday’s near 60 point gain by posting an early rise of around 15 points to 6,605.94.

In Asia, Japan Premier Shinzo Abe won a landslide, making it easier, analysts said, for him to push through his economic reforms.

The equity markets greeted his re-election with a strong upward movement as the benchmark Nikkei 225 jumped 4.5%.

In Australia, the ASX powered ahead 1.8% after it emerged that Prime Minister Malcolm Turnbull’s coalition had a very narrow victory in the polls.

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Paul

The author Paul