European markets are expected to open higher on Friday following a good day for equities in in both Asia and the US.
Investors were cheered by the Federal Reserve's commitment to a gradual raising of interest rates. The number of jobless claims in the US dropped by 6,000 to 289,000 last week. The S&P recorded its biggest two-day advance since November 2011.
The Bank of Japan kept policy stable and raised its outlook for the economy due to signs of a bounce back in exports. Oil along with the rouble remains the big story of the day with the price Brent crude at a five and half year low as supply remains high.
President of the European Central Bank Mario Draghi told Eurozone leaders to move forward with the European investment plan.
Infrastructure company Carillion has been selected by property developer Argent as the preferred bidder to deliver three new buildings at the King's Cross regeneration project. The combined value of the buildings will be in excess of £100m.
Serco has received some good news as City of London police found no evidence the company had been recording prisoners as ready for court when they weren't.
Data in Focus
- 9.00am, Eurozone, October, current account
- 9.30am,UK, November, public sector net borrowing
- 11.00am, UK, December, CBI distributive trades survey