London stocks were set to rise at the open on Tuesday as traders get back to their desks after the long Easter weekend, taking their cue from a positive close on Wall Street.
The FTSE 100 was called to open 19 points higher at 7,620.
CMC Markets analyst Michael Hewson said: “While yields continued to move higher US stock markets also looked resilient buoyed by the relatively modest downgrade by the IMF, with the Nasdaq leading the gainers, as a both Charles Evans of the Chicago Fed and the Atlanta Fed’s Bostic expressed in the ability of the US economy to stand on its own even when rates are rising.
“This strong finish looks set to translate into a similarly positive European open.”
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.