FTSE opens higher

The FTSE 100 opened 35-37 points higher this morning, reflecting gains registered in Asia, lifted by recovering risk appetite, with stronger commodity prices set to boost miners and energy stocks.

14 June 2010, 12:00am

1 min read

The top share index has reportedly opened to around 0.7 percent higher, after it ended 31.18 points higher at 5,163.68 last Friday, being its third straight day of gains.

Asian stocks rose to a one-month high this morning, led by a rally in the technology sector, while the euro rebounded in thin trade, squeezed higher by dealers closing out bets against the currency.

Britain's new fiscal policy watchdog is due to give estimates later today which are expected to pour cold water on the previous UK government's hopes for a powerful recovery and offer hints on the scale of spending cuts and tax hikes seen as needed to rein in the budget deficit.

UK stocks to watch today

DANA PETROLEUM The oil and gas producer holds its annual general meeting.

MISSION MARKETING The marketing firm holds its annual general meeting.

MAJESTIC WINE The wine warehouse chain releases full-year results.

MITIE GROUP The maintenance firm releases a trading update.