London stocks had popped into the black by midday on Monday, but gains were muted as investors eyed the latest policy announcement from the US Federal Reserve later in the week and a raft of corporate updates.
The FTSE 100 was up 0.3% at 7,299.72, with US stock futures on the rise.
Richard Hunter, head of markets at Interactive Investor, said: “The latest Federal Reserve decision on interest rates will be announced on Wednesday, with the likelihood of a further 0.75% hike very much baked into the cake. There is also the release of the second-quarter US GDP number, which could show another negative reading…”
Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.