Proactive Investors - The FTSE 100 is predicted to edge higher at the open on Thursday after The House of Representatives passed a bill to raise the US debt ceiling bringing the US closer to avoiding a default.
Spread betting companies are calling London’s lead index up by around 12 points.
US markets had closed lower ahead of the vote with resilient job vacancies figures reigniting fears of further rate increases when the Federal Reserve next meets in June.
The bill must still pass the Senate and be signed by President Joe Biden to go into effect before the June 5 deadline, but the House vote was seen as the biggest risk to the legislation.
On Wall Street, the Dow Jones Industrial Average fell 134.51 points, or 0.4%, to 32,908.27. The S&P 500 shed 25.53 points, 0.6%, at 4,179.83 and the Nasdaq Composite ended its winning run, declining 82.14 points, 0.6%, at 12,935.28.
In Asia, markets pushed higher. The Nikkei 225 index in Tokyo was up 0.7%. In China, the Shanghai Composite was up 0.3%, while the Hang Seng index in Hong Kong was up 0.8%.
Back in London and the early focus will be updates from Dr. Martens (LON:DOCS) and Pennon (LON:PNN) while a raft of manufacturing PMI figures are due in the UK, Europe and US throughout the trading session.