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FTSE 100 set to start trading week in positive mood

Published: 01:29 22 Apr 2014 EDT

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The FTSE 100 is expected to start the truncated trading week in positive territory in spite of a mixed session in Asia overnight and simmering unrest in Ukraine.

The Nikkei 225 held onto early gains and was up a 0.19% at 6.15 BST as Japan’s exporters led the way, buoyed by the weaker yen. In Australia the ASX rose 0.46%.

However there was a little nervousness ahead of manufacturing data from China as the Shanghai Composite fell 0.18% and Hong Kong’s Hang Seng was off 0.27%.

Here in the UK, the FTSE 100 is expected to post a 28 point rise to 6,653.25, according to spread betting firm IG, with the market’s spotlight set to focus on the financial performance of the big corporates reporting this week. 

“As long as the situation in Ukraine manages to stay contained to the occasional fire fight then market attention is likely to be more focused on the latest company earnings reports from both side of the Atlantic,” said Michaeal Hewson of CMC Markets. 

“Particular attention will be on the technology sector with both Apple and Facebook set to post their latest numbers in the US, particularly after Google disappointed last week.

Apple supplier and UK chipmaker ARM Holdings is also due to post its most recent numbers.”

Away from the techies, household products giant Unilever and Britain’s second-largest drugs group, AstraZeneca, are the two blue-chips reporting this week.

Today we have updates from Dragon Oil and Genel Energy

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